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posted by janrinok on Thursday January 20 2022, @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 2022, @05:01PM (1 child)

    by Anonymous Coward on Thursday January 20 2022, @05:01PM (#1214221)

    "Decide how much money your country's government needs to run."

    The problem is that the government has gotten WAY too big already.

    Politicians funnel money into programs because they have a cousin invested or their aunt is one of the partners or their uncle works there. Look at Joe Biden and Hunter Biden with the Ukraine. They had to give his crack head son (with a history of doing crack) a 600K+ a year job because Joe Biden used his power as vice president to help him out. That guy was not deserving of such a job at all. Then CNN defended them saying how great and honest the Bidens are. Also is Hunter Biden's art really worth as much as he sells it for?

    Look at the stuff that happens in New York. Money that's supposed to go to fix the homeless problem ends up getting funneled into government officials with huge salaries. Now there is more and more crime, more and more homelessness, etc...

    The TSA is another waste of money. We have so many redundant agencies in defense and whatnot as well.

    The solution is never to just keep giving the government more and more money, they will simply find more and more ways to squander it. We need to hold them accountable for all its wasteful spending. Trying to solve a problem by giving the government more money is no different than trying to solve a problem by giving a drug addict more money. It doesn't work.

  • (Score: 0) by Anonymous Coward on Friday January 21 2022, @03:35AM

    by Anonymous Coward on Friday January 21 2022, @03:35AM (#1214447)

    Uh, Space Force to the rescue?