Taxes should be increased on the wealthy to assist the world weather condition the devastations of COVID-19, a group of progressive superabundant individuals prompted in an open letter to “Our Fellow Global Citizens.”
“Today, we, the undersigned millionaires, ask our governments to raise taxes on individuals like us,” said the letter signed by some 83 millionaires from the U.S., Germany, New Zealand, Canada, and the Netherlands. “Immediately. Significantly. Completely.”
Those who signed the letter from the group that calls itself Millionaires for Mankind included Ben & & Jerry’s co-founder Jerry Greenfield, Disney beneficiaries Abigail and Tim Disney, former BlackRock handling director Morris Pearl, and British screenwriter and “Love, In fact” and “Four Wedding Event and a Funeral service” director Richard Curtis.
The push to trek taxes on the rich show’s concerns that “the present system is unsustainable,” Pearl told CBS “MoneyWatch.”
“Having a few abundant individuals and a great deal of bad people will not operate in the long term,” he said. “Over the long term I want my children and grandchildren to have the opportunities that I did– and they will not have the ability to if we don’t change course.”
Pearl said he’s wealthier than he was prior to COVID-19, thanks to stock gains, and “I don’t even work for a living.” Since the pandemic, “there are millions of individuals who aren’t able to earn anything– they don’t have profits from a stock portfolio.”
The millionaires acknowledged in their letter that they’re not working on the coronavirus front lines, nor do they worry about tasks, their houses, supporting their households, or health care.
“We are not the ones caring for the sick in extensive care wards … driving the ambulances … restocking supermarket racks or delivering food door to door,” the letter noted.
“But we do have money, lots of it. Cash that is desperately required now and will continue to be required in the years ahead, as our world recuperates from this crisis.”
Charity from the abundant isn’t the answer, they argued, no matter how generous. The rich need to pay a larger share of taxes, which they think would be reasonable.
“Government leaders must take the duty for raising the funds we need and investing them fairly,” the letter mentioned. “We can guarantee we effectively money our health systems, schools, and security through a permanent tax increase on the most affluent individuals in the world, individuals like us.”
It continued: ” So please. Tax us. Tax us. Tax us. It is the best option. It is the only choice. Humankind is more crucial than our cash.”