Stories
Slash Boxes
Comments

SoylentNews is people

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.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by RamiK on Thursday January 20 2022, @09:24PM

    by RamiK (1813) on Thursday January 20 2022, @09:24PM (#1214348)

    There is nothing stopping them from paying more taxes

    When a business owner doesn't invest back in the company, they lose their competitive edge to other companies. By extension, the wealthy can't afford to be to charitable since the less-charitable will take advantage.

    As for this group of millionaires and their efforts, it's quite likely the tax reform they're working towards would affect their competition more than themselves. That's to say, they'll lose money but gain market share.

    As for virtue signalling, it's far more effective to throw some money on a "save the cute furry animal" foundation than to talk about taxes.

    --
    compiling...
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2