Posted on 01/19/2022 12:27:53 PM PST by Oldeconomybuyer
More than 100 millionaires say current tax systems are “not fair” and increasing wealth tax would help resolve inequalities made dramatically worse by the Covid health crisis.
Millionaires from around the world have signed an open letter asking governments to tax them at higher rates.
The letter was published online Wednesday, mid-way through Davos, the World Economic Forum’s annual meeting being held virtually this year.
The signatories of the letter, which was the result of a joint initiative from inequality advocacy groups Patriotic Millionaires, Millionaires for Humanity and TaxMeNow, said current tax systems were “not fair”.
While only 100 millionaires signed the open letter, signatory Djaffar Shalchi, founder of Millionaires for Humanity, told FRANCE 24 it was a way to counter the narrative that taxing the wealthy hurts business development and damages the economy. “Millionaires have a unique role to play in advocating for wealth tax,” he said. “We want politicians to understand that not all millionaires agree with the policy of decreasing taxes for the rich.”
For political leaders at Davos, the open letter delivered a more direct warning. “History paints a pretty bleak picture of what the endgame of extremely unequal societies looks like”, they wrote. “It’s taxes or pitchforks.”
(Excerpt) Read more at france24.com ...
There are 56.1 million millionaires on the planet.
100 of them represents a mere 0.000178% of them.
No one should own their own home. Everyone should live in government owned apartments. Except for political elites. /s
I’ve been reading this same crap for years. It’s all BS. Pass the popcorn.
They say this but don’t send checks in as they’re full of it.
Just write your check out to the IRS.. No? Your wealth manager won’t allow it. Liars.
I am in quarantine. I think I will spend an hour sending the the address and instructions on how to just do it. Why wait.
Anybody wanna split it up with me? Let’s Troll.
You could flip wealth the rich with the poor.
In ten years you’d wind up basically in the same place.
With wealth comes the responsibility to use that money
wisely. The poor couldn’t. You’d just destroy the
original wealth.
Very few poor people would have their lives changed.
Look at the lottery winners for a great eye opener.
Or one in 561,000 millionaires support this.
That’s not a tiny minority, that’s downright microscopic.
“I think it is more a “pull the ladder up after you” maneuver.”
Nah. I don’t think so. I do agree that the ones hurt the most are the upper middle class and barely rich ... followed by everyone else. Jobs and the economy in general are adversely affected by taxes on the wealthy.
they should give out their emails- folks can write them and ask for the millionaire’s money if they are so concerned about equality of income-
No one stops these people from donating any amount of their money to reduce government deficits, to fund charities, or to start/augment a jobs-training program of some kind. As such, it appears to me that their only interest in codifying a higher tax rate is to cement their place in the social and economic pecking order...so, F’EM!!!!!
Just cause you’re a millionaire doesn’t mean
you can’t be an idiot.
Must be inherited wealth. These people are too stupid to have actually earned it.
A fool and his money are soon parted.
More than 100 ‘millionaires’ in the whole world! That’s pretty impressive.
/s
Since when is being a millionaire a really big thing? 1940?
If these people are sincere in wanting to be taxed more, why do they pay big money in fees to tax accountants and tax attorneys to avoid taxation under the current system? Is tax planning anything other than seeking a legal way to avoid paying taxes?
I believe the IRS will just return any excess tax payment. However, the Bureau of Fiscal Service in the Treasury Department will accept any donation a person wants to make.
I don't know if you have to give 10% to the Big Guy or not. Might only apply to Biden Family bribes.
Virtue signaling asswipes each and everyone of them.
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