Billionaire Bill Gates has criticised plans to impose higher rates of tax on the super-rich – like the one suggested by Alexandria Ocasio-Cortez – as being too “extreme”. The Democratic congresswoman for New York has said she wants to tax income over $10m at 70 per cent, arguing that it is “immoral” to allow billionaires to amass great wealth amid intense poverty. “We can be more progressive without really threatening income generation,” Mr Gates told a podcast by the tech website The Verge.
