Millionaires ask to pay more tax:
A group of more than 100 of the world's richest people have called on governments to make them pay more tax. The group, named the Patriotic Millionaires, said the ultra-wealthy were not being forced to pay their share towards the global economic recovery from the coronavirus pandemic.
"As millionaires, we know that the current tax system is not fair," they said in an open letter. The signatories included Disney heiress Abigail Disney and Nick Hanauer. Mr Hanauer is a US entrepreneur and an early investor in online retail giant Amazon.
"Most of us can say that, while the world has gone through an immense amount of suffering in the last two years, we have actually seen our wealth rise during the pandemic - yet few if any of us can honestly say that we pay our fair share in taxes," the signatories said in the letter to the World Economic Forum.
[...] It said globally, $2.52tn could lift 2.3 billion people out of poverty and make enough vaccines for the world.
Gemma McGough, British entrepreneur and founding member of Patriotic Millionaires, UK said: "For all our well-being - rich and poor alike - it's time we right the wrongs of an unequal world. It's time we tax the rich."
Ms McGough added: "At a time when simply living will cost the average household a further £1,200 a year, our government cannot expect to be trusted if it would rather tax working people than wealthy people.
(Score: 0) by Anonymous Coward on Thursday January 20 2022, @12:17PM (1 child)
"we the rich want to pay more tax "
...
"we the rich have the prevalence of paying accountants to not pay tax"
While gov'n can do more to close such loopholes, the rich have the OPTION to use such loopholes so why are they if they want to pay more. This stinks as much as their privilege's
(Score: 0) by Anonymous Coward on Thursday January 20 2022, @07:25PM
You are obviously unfamiliar with game theory.
If they pay and the others don't, they lose. This is their attempt to get the other rich to ALSO pay THEIR fair share.