Wealthy Urge Governments to ‘Tax Us, Tax Us, Tax Us’
Article from For Liberty by Norm Leahy.
A group of 80 wealthy individuals calling themselves “Millionaires for Humanity” are urging their respective national governments to “raise taxes on people like us. Immediately. Substantially. Permanently.”
The group made the appeal in a letter released July 13. The signers, who include Ben and Jerry’s ice cream co-founder Jerry Greenfield, Abigail Disney, granddaughter of Walt Disney, wants the extra tax revenue to help defray the costs of recovering from the coronavirus pandemic.
The signers say the virus has exposed problems that “can’t be solved with charity, no matter how generous.”
“Government leaders must take the responsibility for raising the funds we need and spending them fairly,” the group says, contending that only a ”permanent tax increase on the wealthiest people on the planet, people like us,” can adequately fund government programs.
“So please. Tax us. Tax us. Tax us. It is the right choice. It is the only choice.” The group says.
If the American signers to the letter simply can’t wait for Congress to pass the necessary legislation, they can act right now by making a contribution, of any size, the U.S. Treasury’s “Gifts to the United States” program. According to the Treasury website:
This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs.
It’s the most cost-effective and direct method to put their money into government hands. It also has the benefit of easing their consciences right now – and leaving everyone else free to choose what to do with their own money.
The donation window is always open.
Image Credit: By Jericho [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons