Bill Gates: Recovery Will Take Years; Taxes Need To Rise
On “Good Morning America” Bill Gates, the richest man in the world, said taxes will have to rise to bring the budget into balance, and it will take years to recover from the recession.
Gates also warned against too much government intervention and urged President Barack Obama to focus policy on long-term issues such as education to combat the effects of the worst recession since the Great Depression.
“We’re having a slow recovery and everybody’s frustrated by the pace of the recovery. But I don’t think the government could change and magically make it speed up a lot,” he said.
“If you try to do too much, it can distort things. The government’s role is more of a long term role, investing in education.”
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