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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: 5, Insightful) by mcgrew on Thursday January 20 2022, @05:13PM (2 children)

    by mcgrew (701) <> on Thursday January 20 2022, @05:13PM (#1214224) Homepage Journal

    What idiot modded him troll? Zuckerberg or Musk has an account here?

    When I was a child in the '50s, the top US tax rate was 75%. Today it's 37%. And then, the CEO earned a salary 40 times what the lowest paid employee made, today he earns 400 times as much.

    There were no food stamps then; they weren't needed. The minimum wage was high enough that even a janitor's job afforded him a living. One paycheck was usually enough to raise a family.

    No more. Greed rules in the 21st century.

    Free Martian whores! []
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  • (Score: 4, Touch√©) by maxwell demon on Thursday January 20 2022, @05:42PM

    by maxwell demon (1608) Subscriber Badge on Thursday January 20 2022, @05:42PM (#1214236) Journal

    Those greedy people are actually Marxists. They are greedy because they know that if they aren't, the revolution will never come. :-)

    The Tao of math: The numbers you can count are not the real numbers.
  • (Score: 1, Insightful) by Anonymous Coward on Friday January 21 2022, @10:22PM

    by Anonymous Coward on Friday January 21 2022, @10:22PM (#1214650)

    In the 50s, much of the developed world was recently destroyed by WW2, and there was no real competition against American produced goods. They needed to buy our stuff, and we could make it. It was a one-off historical event America will not experience again.