A group of billionaires have been condemned in the US for backing a wealth tax on the super-rich.
Conservatives said they could simply write a big check to the taxman without the need for any new legislation.
The Left-wing financier George Soros, Facebook co-founder Chris Hughes and heiress Abigail Disney are among 19 signatories to an open letter to candidates in the 2020 US presidential election.
The letter calls for an increase in taxes on the wealthy to fund new investment in sectors including clean energy, universal childcare, student loan debt relief, improvements in infrastructure, and tax relief for low-income families.
It says: ‘America has a moral, ethical and economic responsibility to tax our wealth more,’ the letter urges.
‘Taking on this tax is the least we can do to strengthen the country we love. Instituting a wealth tax is in the interest of our republic.’
Signatories to the letter include: Louise J. Bowditch, Robert S. Bowditch, Abigail Disney, Sean Eldridge, Stephen R. English, Agnes Gund, Catherine Gund, Nick Hanauer, Arnold Hiatt, Chris Hughes, Molly Munger, Regan Pritzker, Justin Rosenstein, Stephen M.Silberstein, Ian T. Simmons,Liesel Pritzker Simmons, Alexander Soros, George Soros, and Anonymous.
The billionaires argue that they are in favor of the tax for ‘six key reasons’.
A Wealth Tax is a powerful tool for solving the climate crisis, it’s an economic winner for America, it will make Americans healthier, it’s fairer, the tax would strengthen freedom and democracy and it’s a patriotic act.
It is estimated the tax could generate nearly $3 trillion in revenue over 10 years.
The conscience-stricken billionaires suggest the tax be imposed on the richest 0.1 percent of Americans.
In response, conservative commentator and Fox News host Laura Ingraham tweeted: ‘If these billionaires think they pay too little in taxes, why not just send more money to the IRS?’
See the letter here: https://www.dailymail.co.uk/news/article-7199065/Billionaires-shock-lawmakers-asking-taxed-more.html
“The letter calls for an increase in taxes on the wealthy to fund new investment in sectors including clean energy, universal childcare, student loan debt relief, improvements in infrastructure, and tax relief for low-income families.”
Really?
And just who is behind this, might one enquire?
“The Left-wing financier George Soros, Facebook co-founder Chris Hughes and heiress Abigail Disney are among 19 signatories…”
F%&K ME!!!
Since not one solitary item on that list is anywhere near being in THEIR best interests… I’m calling BULLSH#T on this one.
Dark, hidden agenda behind it.
Or they’re just flappin’ their gums… but less likely.