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 ...
Thanks for setting that straight. I will do 20 a day in my quarantine. #why wait.
Hey.. the i did this Joe stickers.. they are working. They will really work this spring stock up now!
Write a check, bitches, or STFU.
I can see this, a lot of 25-40 year-old techie billionaires feel guilty. All they have to do is start big Foundations and take tax breaks while hiring their relatives and friends and paying them high salaries.
Bill Gates and others figured this out, c’mon.
Exactly! Simply moral preening.
There is not a damn thing stopping them from sending in more money...
“Tax my income!” they cry, as they realize none - and collect their dividends and loan proceeds. :)
Count this millionaire out. I have an earned retirement to live comfortably and something for my children to inherit. I owe nothing toward any “inequity”. That’s just down-right f’n Communism and I didn’t serve during the Cold War to have that crap take over 35 years later.
“What stops them from just sending it in?”
If they send the money in it would go into the pot of debts all these countries are in. (If that even happened)
Philanthropy would be money better spent than letting government get involved.
To a Billionaire, giving money to charity is giving their money to a museum or theater etc
No one is blocking them from giving as much of their wealth to the poor as they desire. Why do these idiots think people don’t know that and wonder wht they need government to do their giving in their place?
I demand they send in half their wealth immediately and shut the ____ up.
B.S. Some MAY say this, but even if they do, they will then do everything they can to reduce their tax burden.
No one has to tax you. You are free to make a good will donation to the government of your choice. No one will stop you.
They have already set up their scam to override this so they are ready now
They are free to give it to government or charity.
What this is a cry to have government take other people’s money by force.
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