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Group of wealthy Americans write open letter asking to be taxed more
A group of nearly 20 wealthy Americans on Monday released a letter asking for all 2020 presidential hopefuls to support a moderate wealth tax on the richest one-tenth of the richest one percent of Americans.
America has a moral, ethical and economic responsibility to tax our wealth more. A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms, the letter says, as published by The New York Times. Instituting a wealth tax is in the interest of our republic, it continues.
The document is signed by financier George Soros, Facebook Co-Founder Chris Hughes, heirs like Abigail Disney and others.
The letter calls for the tax revenue to be invested in smart investments for our future, including addressing climate change, providing student loan debt relief and universal childcare, modernizing infrastructure and providing tax credits for low-income families.
...The letter specifically highlights Sen. Elizabeth Warrens (D-Mass.) plan to tax only 75,000 of the wealthiest families in the country, and it cites South Bend, Ind., Mayor Pete Buttigieg (D) and former Texas lawmaker Beto ORourke (D) as being already supportive of the idea of a tax on the wealthiest citizens.
More at https://thehill.com/blogs/blog-briefing-room/news/449975-a-group-of-rich-americans-write-open-letter-asking-to-be-taxed
America has a moral, ethical and economic responsibility to tax our wealth more. A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms, the letter says, as published by The New York Times. Instituting a wealth tax is in the interest of our republic, it continues.
The document is signed by financier George Soros, Facebook Co-Founder Chris Hughes, heirs like Abigail Disney and others.
The letter calls for the tax revenue to be invested in smart investments for our future, including addressing climate change, providing student loan debt relief and universal childcare, modernizing infrastructure and providing tax credits for low-income families.
...The letter specifically highlights Sen. Elizabeth Warrens (D-Mass.) plan to tax only 75,000 of the wealthiest families in the country, and it cites South Bend, Ind., Mayor Pete Buttigieg (D) and former Texas lawmaker Beto ORourke (D) as being already supportive of the idea of a tax on the wealthiest citizens.
More at https://thehill.com/blogs/blog-briefing-room/news/449975-a-group-of-rich-americans-write-open-letter-asking-to-be-taxed
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
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Group of wealthy Americans write open letter asking to be taxed more (Original Post)
BeyondGeography
Jun 2019
OP
FM123
(10,053 posts)1. Sure would help us regular folks a lot...
"A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms,
The letter calls for the tax revenue to be invested in smart investments for our future, including addressing climate change, providing student loan debt relief and universal childcare, modernizing infrastructure and providing tax credits for low-income families.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
Bayard
(22,011 posts)2. Great idea!
These folks are patriots. Can they put this request before Congress?
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden