Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!
 

BeyondGeography

(39,346 posts)
Mon Jun 24, 2019, 09:35 AM Jun 2019

Group of wealthy Americans write open letter asking to be taxed more

A group of nearly 20 wealthy Americans on Monday released a letter asking for all 2020 presidential hopefuls to support a “moderate wealth tax” on the richest one-tenth of the richest one percent of Americans.

“America has a moral, ethical and economic responsibility to tax our wealth more. A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms,” the letter says, as published by The New York Times. “Instituting a wealth tax is in the interest of our republic,” it continues.

The document is signed by financier George Soros, Facebook Co-Founder Chris Hughes, heirs like Abigail Disney and others.

The letter calls for the tax revenue to be invested in “smart investments for our future,” including addressing climate change, providing student loan debt relief and universal childcare, modernizing infrastructure and providing tax credits for low-income families.

...The letter specifically highlights Sen. Elizabeth Warren’s (D-Mass.) plan to tax “only 75,000 of the wealthiest families in the country,” and it cites South Bend, Ind., Mayor Pete Buttigieg (D) and former Texas lawmaker Beto O’Rourke (D) as being “already supportive of the idea” of a tax on the wealthiest citizens.

More at https://thehill.com/blogs/blog-briefing-room/news/449975-a-group-of-rich-americans-write-open-letter-asking-to-be-taxed
If I were to vote in a presidential
primary today, I would vote for:
Undecided
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Group of wealthy Americans write open letter asking to be taxed more (Original Post) BeyondGeography Jun 2019 OP
Sure would help us regular folks a lot... FM123 Jun 2019 #1
Great idea! Bayard Jun 2019 #2
 

FM123

(10,053 posts)
1. Sure would help us regular folks a lot...
Mon Jun 24, 2019, 09:41 AM
Jun 2019

"A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms,”

The letter calls for the tax revenue to be invested in “smart investments for our future,” including addressing climate change, providing student loan debt relief and universal childcare, modernizing infrastructure and providing tax credits for low-income families.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Bayard

(22,005 posts)
2. Great idea!
Mon Jun 24, 2019, 11:01 AM
Jun 2019

These folks are patriots. Can they put this request before Congress?

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
Latest Discussions»Retired Forums»Democratic Primaries»Group of wealthy American...