Wealthy #philanthropists call on themselves to pay more tax
A group of wealthy Americans have written an open letter to the 2020 presidential candidates in support of a wealth tax. The letter is signed by 20 individuals including philanthropist George Soros, Facebook’s co-founder Chris Hughes, Disney heiress Abigail Disney and Blue Haven Initiative co-founders Liesel Pritzker Simmons and Ian Simmons. The group outlined six key reasons why they are in favour of a wealth tax, including using it to fight climate crisis, boosting the economy, improving public health and strengthening freedom and democracy. While the letter refers to arguments against a wealth tax, the signatories claim these are mostly technical and often overstated. The letter further shows that polls indicate that higher taxes for the wealthy is politically popular.
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