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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: 3, Interesting) by mcgrew on Thursday January 20 2022, @04:42PM (2 children)
So why do you keep voting them back in office? To be fair, we Americans are just as stupid in the polls, maybe even more stupid. My congressman who is supposed to represent normal Illinoisians voted yes on the Trump tax cuts that actually raised taxes for some in Illinois, whose brother got a million dollar covid business grant the day it was available while the owner of the Feed Store, a popular restaurant President Obama ate at was denied and went bankrupt. The idiots in my district was re-elected him anyway.
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(Score: 1, Touché) by Anonymous Coward on Thursday January 20 2022, @05:46PM (1 child)
Because the only other option is the other corrupt idiot?
(Score: 0) by Anonymous Coward on Thursday January 20 2022, @06:56PM
Don't forget the majority that do not put any effort into researching anything at many that actively avoid political topics. Many of us here that complain about it too, we need to make voting days mandatory holidays with max half time work schedules if a biz wants to remain open. Most candidates it is hard to find more than their general work history and political party.