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posted by janrinok on Thursday January 20, @09:29AM   Printer-friendly
from the yes,-you-read-that-right! dept.

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.


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  • (Score: 0) by Anonymous Coward on Thursday January 20, @03:25PM (1 child)

    by Anonymous Coward on Thursday January 20, @03:25PM (#1214180)

    lol. This exactly. Taxing the rich isn't going to do shit, anyway. Not even taxing the wealthy would help. These folks are, 'above it.' Above, way and beyond. Their wealth is SO unimaginably vast, they literally ARE the economy. It's a lose lose situation, and they are the winners; we saw it with the banks that were, 'too big to fail.' They literally, DESTROYED, the economy; but, what did we do? We bailed them out, so people could continue to go to work, have a mortgage, etc.. etc..

    For them, it's about assets, holdings, etc.. etc.. That's why they don't want anybody to OWN anything anymore. You don't own your house, you don't own your car, you don't own music you listen to, the films you watch, etc.. etc.. etc.. By the time you pay anything off you acquired through debt money, it's worthless; and what you do physically own, is nearly worthless the moment it becomes yours.

    A sane approach to a tax system would be a tax system that is simple and equitable/equal. But, we don't do that. Why would some one prefer a complicated, out dated, absolute fucking mess, as opposed to something, simple, efficient, and tidy? Simple, if they've concluded it wasn't in their best interest, then they aren't going to do it. Why tax everyone the same flat rate, automatically, with computers, when there is so much money to be made in the tax industry, coupled with all the money to be made in the increasing surveillance state?

    To their credit, I don't think the so called, 'elites,' even really know what they are doing. I think they honestly believe they are trying to do, 'good.'

    A flat income tax of 10% sounds fine to me. Apply it to everyone. Make it automatic where it can be automated, and then leave room for the occasional outlier cases for manual intervention. Simple. For the vast majority of hourly wager earners or salary earners, it's deducted out the paycheck automatically, and from that point, it could be directly sent to the government; you wouldn't even need a formal tax season, a year deadline would be enough for extraneous cases.

  • (Score: 0) by Anonymous Coward on Friday January 21, @03:46AM

    by Anonymous Coward on Friday January 21, @03:46AM (#1214449)

    Herman Cain! Is that you posting again from the dead?