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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 Sunday January 23 2022, @09:10PM (1 child)

    by Anonymous Coward on Sunday January 23 2022, @09:10PM (#1215092)

    Wrong. The SEC kicks people out of the mix all the time. It's one of their favourite regulatory threats. It's why guys like Madoff don't get to be directors of companies after their scams go down.

  • (Score: 2) by JoeMerchant on Tuesday January 25 2022, @03:39AM

    by JoeMerchant (3937) on Tuesday January 25 2022, @03:39AM (#1215453)

    You mean "guy like Madoff.". Big players getting yanked from the game are rare (it's really bad for the remaining players when it happens, so they really try to avoid it.)

    Україна досі не є частиною Росії.