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
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Keep their names. When Trump wins just lower my and your taxes and increase their taxes.
Some years ago Warren Buffett was pleading with Congress to raise his taxes, saying that his secretary paid more tax then he himself did. Oren Hatch, chair of the Senate finance committee at the time, wrote an open letter to Buffett suggesting that he was free at any time to donate to the Treasury account referenced in the article. Not only would he feel patriotic in doing so, but he also could deduct his gift on next year’s tax return, since the US Treasury is a qualified charitable recipient of such a gift (but not of our ordinary taxes, which are in no way considered charitable gifts). I think that shut up Buffett pretty quickly.
Buffett is like all the others. They are all full of something. If their concern was real they could give all they want to the government. If Buffett’s secretary pays more taxes than he does,then he is illegally evading taxes or she is the most overpaid secretary in history. Interestingly at the time Buffett made his comment, je was in an argument with the IRS over taxes they said he owed!
They apparently aren’t smart enough to realize at anytime they feel like it they can write a big old check to the government. Especially if it would help them sleep at night!
They have no attention of paying higher taxes. . .they are just supporting Biden’s call for rescinding the Trump tax cut, and raising taxes if he is elected, hence, the letter. They know perfectly well that they can send in more money to the IRS. They have very expensive tax attorneys to avoid paying taxes! It’s always the middle class that get the burden of taxes, who can not afford expensive high powered tax attorneys.
I these elitists take any deductions so don’t pay on their entire gross income they’re hypocrites which we already know they are. Let THEM pay higher taxes, nobody’s stopping them.
First, I’d like to know more about the Treasury account and how those funds are collected and used. Who has control over the funds? When and where are those funds dispersed? Is there a public accounting of the funds that go into and come out of this account? And if anyone can send money to this account, why do we not know more about it in the first place? My suspicion is that this account is another government boondoggle, the funds probably go to Congressional pet projects, and that is why some of the wealthy won’t be sending their money to it. Just a thought.
These Democrats are trying to set up President Trump just like they did President Bush Sr. They made him believe he had to raise taxes when he ran on “no new taxes” and after he raised taxes they used it against him when he ran for re-election. I promise you that this is what they have planned for Trump. I think he is too smart to fall for it.
Disney started out good family fun but, now is the EVIL Kingdom, BOYCOTT Disney.
80 chumbalones don’t have to wait for the government to raise taxes. just send some or all of your money to the IRS.
These Democrats have been getting wealthy off of the backs of the American Citizens for many years until President Trump put a stop to these evil and greedy Democrat Politicians. President Trump has been fighting not for himself but for you and me. Why else has he been cutting payroll taxes, Working to lower Unemployment, Working hard to bring back Manufacturing to America? Not for himself but for the American Citizens to have life long jobes with great Medical Benefits and a great Pension. That was what American jobs use to be like before these evil Clintons came up with that job-killing NAFTA agreement that allowed all of the Major Companys to leave and what happened next? Everyone lost their jobs and Unemployment went sky high. If God Forbid these evil Democrats to take the White House first they will take away our guns, then they will start a mass Culling of the elderly as well as the useless Feeders (The Welfare people) The Christians The Jews, The White People until their overpopulation is down. That is why for so many years these evil people have been manufacturing all of these Moviehouse shootings and all of these School shootings. To try to make the government take away our 2nd Amendment rights because with the American Citizens still armed they could not do what they really want to do to the American Citizens. To have their mass Culling.
Congress should pass a tax on all these billionaires…90% and end the special deductions and tax havens. If they want taxation give it to them. In fact, pass the taxation on JUST those that demanded it. Make it PERMANENT on them alone.
These individuals should be smart enough to know they can send money to the IRS for any reason whatsoever. This action can be taken by anyone and it does not have to be in the form of taxes. But, if we take time to read between the lines, we realize that they actually want taxes to be raised, not only on themselves, but on all of us. It is just another scheme to make the vast majority of Americans wards of the government.
If you write a check to the U. S.Treasury will they NOT cash it? So all you phony rich people who want taxes raised, get your checkbook out! Lying politicians who say they want to raise taxes on the “rich” ,will raise YOUR taxes! Happens every time!