Things That Matter

Basically Everybody Who Isn’t A Billionaire Is Coming For Bill Gates Since He Said He Couldn’t Live Off Of $7 Billion

The wealth gap between the world’s wealthy and, well, the rest of us has been amplified in recent years and particularly here in the United States. As the 2020 election nears, candidates across the political spectrum are ramping up their arguments and plans on how to combat income inequality.

In the US, the top 1% of Americans now own more wealth than the bottom 90%. This is an immense problem for America’s middle-class and is contributing the growing Social Democrat movement sweeping the country. Many candidates are releasing their plans and few have received more attention than Sen. Elizabeth Warren.

In the interview, it’s what he didn’t say that spoke volumes.

Credit: Nicholas Kamm / Getty

Bill Gates, the second-wealthiest man in the world with an estimated net worth of $107 billion, declined to say Wednesday whether he’d vote for Sen. Elizabeth Warren (D-Mass.) for president, given her proposed plan to tax billionaires at a rate of 6 percent.

And after a glib comment that he’d have to “do a little math” about what his net worth would be in a world post-Warren, the under-45 crowd had a few choice words for the 64-year-old Microsoft co-founder.

And the consensus is basically this: ‘OK, Boomer.’

Twitter did what Twitter does best and came hard for the Microsoft founder.

“I’m not Bill Gates, so his math is probably better than mine, but he’s worth 106 billion dollars, so if you took away 100 billion, it seems like that would leave him with SIX FUCKING BILLION DOLLARS,” Carter Bays, the producer and screenwriter, tweeted.

Another user tweeted it out just how insanely wealthy Bill Gates would still be even if Warren taxed him by more than $100 billion.

I mean, just let that settle in. Like should anyone really be this wealthy? Twitter doesn’t seem to think so. Others laid the blame with the media who have largely let Bill Gates lead his wealthy life without holding him accountable.

The responses — some earnest, some dripping in irony — highlighted the cultural rift between the baby boomer generation and its younger counterparts. 

And if there is a culture war, the phrase “ok boomer” has become its de facto rallying cry, a way to dismiss the more conservative politics that older generations represent.

Politics like, for example, not taxing the ultra-wealthy to fund social services.

“If I had to pay $20 billion, it’s fine,” Gates said on Wednesday during a financial conference hosted by the New York Times. “But when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over.”

He also declined to say who he’d cast his vote for given the choice between Trump and Warren. “I hope the more professional candidate is the electable candidate,” he said.

To be clear, Warren’s proposal would not tax Gates’ wealth at a rate of over 90 percent, as Gates suggested.

It would be six percent for people worth more than $1 billion. Warren has said the revenue from that tax would fund healthcare for the entire country. Even Tom Steyer, the 62-year-old billionaire funding his own race for the presidency, weighed in.

“@BillGates, a wealth tax is the right thing to do,” he tweeted Wednesday night. “Don’t panic — you’ll be alright.”

But Gates is far from the only billionaire to bemoan Warren’s plan. Financier Leon Cooperman publicly sparred with Warren last week after writing in a letter that she treats wealthy people like “an ungrateful child.”

“Warren’s tax could cut roughly in half the fortunes of the very wealthy over its first 10 years. The aggressiveness of her plan should not be understated,” Michael Strain, an economist at the conservative think tank American Enterprise Institute, tweeted this week. 

He later told Vox in an interview: “No group of Americans should be treated as a tool to raise the welfare of the rest of society.”

But for all those worried billionaires, don’t worry. The Warren campaign has released this handy calculator to show just how much they may have to pay.

Elizabeth Warren’s campaign just rolled out a handy wealth tax calculator for any billionaires worried about what they’d have to pay under her proposed tax plan. 

The Massachusetts senator, who’s polling neck-and-neck with Bernie Sanders and Joe Biden for the 2020 Democratic presidential nomination, said she’d double her proposed wealth tax on billionaires from 3% to 6% to fund her progressive health care, climate, child care, and student loan proposals.

Under the plan, Facebook CEO Mark Zuckerberg would pay $4.249 billion. Amazon founder and CEO Jeff Bezos, who happens to be the richest man in the world, would pay $6.697 billion. And Bill Gates, who declined to say whether he’d vote for Warren earlier this week, would pay $6.379 billion if her plan goes into effect.

“Don’t worry too much about Bill Gates — if history is any guide, if billionaires do nothing other than invest their wealth in the stock market, it’s likely that their wealth will continue to grow,” Warren’s website reads.

The Internet Is Showing Its Love For Bad Bunny For Helping Us Get Through 2020 With These Incredible Memes

Entertainment

The Internet Is Showing Its Love For Bad Bunny For Helping Us Get Through 2020 With These Incredible Memes

Badbunnypr / Instagram

It’s a simple fact: 2020 is the Year of Bad Bunny. El Conejo Malo has been everywhere – from epic SNL skits and moving performances on late night TV to the Billboard Hot 200 chart. And he’s been making history in the process.

Millions of fans have been stanning Bad Bunny so hard this year and it’s about time the reggaetónero from Puerto Rico gets the recognition he’s long deserved. And what does the Internet do when it wants to give that recognition? Well, it makes memes of course!

Here is a round up of some of the very best Bad Bunny memes that exist on the world wide webs:

Tell me where the lie is!

Hit after hit, bop after bop, Bad Bunny has delivered consecutive hits and I am here for each and every one of them. From ‘RLNDT’ and ‘NI BIEN NI MAL’ from X 100PRE to ‘Yo Perreo Sola’ and ‘Ignorantes’ on YHLQMDLG, Bad Bunny has given us not one but two albums of the summer.

Same!

The song that launched a meme challenge!

From shocked abuelas and tías to disapproving mothers, ‘Safaera’ has turned into a viral hit – and it’s 100% a song that I can’t wait to dance to once we can hit the clubs once again.

I feel this all the way.

Tell me I’m lying!

Bad Bunny has taken 2020 by storm – and I stan so hard.

With all that’s going on in the world and with so many of us under stay-at-home orders, this meme couldn’t speak a louder truth. Bad Bunny has steamrolled society with not one but two albums in the span of a couple of months. But society is ready for it.

Pretty sure that if Bad Bunny so much as breathes, we all feel it.

I feel connected to him on a special level – he speaks to so many of us in so many ways that this meme might as well be true.

Have you not done this?

Yup, totally been here. Phone call from abuela? Not answering. Slack chat from boss? Ignore. Text from mom? Not replying.

Nothing comes between me and my YHLQMDLG listening time.

The Holy Trinity

The Holy Trinity in all of its glory: X 100PRE, Oasis, and YHLQMDLG. Though how it will look once we add in Las Que No Iban A Salir?!

People need to show some respect!

Yes, that’ all I’m asking for! A moment of respect. Please!

Bad Bunny is helping to heal the world – or at least holds me tight in those scary moments.

And this couldn’t be any more real! With so much going on in the world and all of the uncertainty, Bad Bunny has provided that much-needed comfort blanket that has held me close in all of these crises.

Quinceañera’s Are Getting A Makeover In The Time Of Coronavirus And One Teen Is Celebrating The Change

Culture

Quinceañera’s Are Getting A Makeover In The Time Of Coronavirus And One Teen Is Celebrating The Change

Jimmy Rodriguez

Coronavirus has put the breaks on pretty much everyone’s plans.

I mean, Coachella was postponed. Even the 2020 Olympics, which were supposed to take place in Tokyo this summer, have been postponed. Major family plans like quinceañeras have largely been put on hold as well – for obvious reasons. A quinceañera is usually a large family affair. They’re usually packed with family and friends, sometimes even the whole neighborhood, a church service, and a photoshoot.

So it makes sense for families to have postponed these very special events, since social distancing is proving to be the only truly effective method at combating the spread of the virus. However, one family got creative and celebrated their daughter’s big day.

This San Antonio teen was able to celebrate her big day with friends and family in a safe and fun way.

Like so many teens, Xóchitl had spent months planning her quince with her mom, Kristie. It’s one of the biggest days in many Latina’s young lives.

“Every little Hispanic girl dreams about her quinceañera and her wedding. Those are your two big days in your life,” Rodriguez, 45, from San Antonio, told NBC News.

“Usually, there is a Mass where the priest blesses you as you get ready for your transition, from being a young girl to becoming a woman, which of course we couldn’t do,” Rodriguez said, emotionally, over the phone.

Xóchitl and her mom had already spent hours shopping for the perfect gown and hours more planning her quinceañera before stay-at-home orders hit her hometown of San Antonio. In fact, her family had already organized both a mass and a fun-filled reception.

Then the Coronavirus hit and the family had to get creative.

Credit: Jimmy Rodriguez

San Antonio, like the rest of the country, had to implement strict stay-at-home orders in order to combat the pandemic. This left the Rodriguez family struggling to figure out how to celebrate their daughter’s big day and continuing with the tradition – despite a global health crisis.

It took some creativity and work, but Rodriguez and her husband, Jimmy, surprised Xóchitl on April 21 with a low-key but unforgettable version of her big day: a drive-by quinceañera. Xochitl was able to share it with her closest family and friends – at a safe distance.

Still, there are aspects of the tradition that families miss.

“It was very different, because our culture is very much about physical affection — you know, the hugging, the kissing, the touching — and it was really hard to see them and not be able to touch them,” Rodriguez said, speaking of the relatives and friends who came to cheer Xóchitl on.

Her quinceañera has gone viral thanks to the family’s creativity and perseverance.

Credit: Jimmy Rodriguez

They managed to keep the idea from Xochitl until the big moment came.

“We had blown up the balloons the night before and had kept them in the garage and then kind of made the mad dash to decorate the yard when it was time for her to go outside,” Kristie said.

Then, the family went outside and greeted her socially-distanced guests in her dress and her tiara. Instead of damas and chambelanes, the family pulled out some of Rodriguez’s old dolls and teddy bears and used them for a makeshift honor court – while friends and family sang “Las Mañanitas” from their cars and from the sidewalk.

She says she was completely thrilled to see all of the people she loved making an effort, despite difficulties, to make her feel special.

“I kind of lost hope of having anyone over or having a normal birthday where I can see my family,” she told NBC Latino. “I feel like my mom and my dad really made it special, trying to get the people that were closest to me.”