A different tune:
millionaires demanding to pay taxes.
[Embedded a YT video and shared before at 24-03-23 -> #TaxTheRich #PatrioticMillionaires ]
"Testimony to UN Panel: 'Tax the Rich. Save the World'"
by Jake Johnson for Common Dreams
https://www.commondreams.org/news/testimony-to-un-panel-tax-the-rich-save-the-world
Quotes:
"Failure to do so, warned Patriotic Millionaires president Erica Payne, "will not end well for anyone, including millionaires."
"This is not an act of kindness or of philanthropy," Payne said during a special meeting of the U.N. Economic and Social Council. "It is in our own self-interest."
"Payne said Tuesday that "nearly 1,000 millionaires from across the globe have joined us in calling on governments to tax extreme wealth." In recent decades, top marginal tax rates around the world have plummeted, allowing the ultra-rich to amass eye-popping fortunes that they have used to impose their will on political processes and policy debates."
"Payne argued that "there are no benevolent billionaires" or "public-minded plutocrats" and implored policymakers to weigh the potentially disastrous consequences of not taxing extreme wealth,...."
"Payne's remarks came a day after an Institute for Policy Studies analysis of Forbes data found that the collective fortunes of U.S. billionaires have grown by nearly 88% to $5.5 trillion over the past four years.
On Tuesday, a group of congressional Democrats introduced legislation that would tax U.S. fortunes over $50 million."
"Instead, it's because we rigged the tax code so that wealthy people like us who make most of our money off our assets pay next to nothing—or sometimes literally nothing—in taxes," said Pearl. "The Ultra-Millionaire Tax will be an important first step in requiring the rich to finally start paying their rightful share in taxes, thus reining in the destabilizing level of economic inequality that plagues our country and threatens our democracy."
