[NEW YORK] Microsoft co-founder Bill Gates, the world's second-richest person, said he wants his fellow billionaires to pay much higher taxes.

[NEW YORK] Wealthy people are making bigger donations to charities because of the US political climate.

PERSPECTIVE

US Senator Bernie Sanders said last month: "Billionaires should not exist." And, at the Democratic presidential debate this week, he said that the wealth disparity in America is "a moral and...