83 millionaires have signed an open letter to their governments demanding increased tax rates on their own fortunes in order to raise capital to benefit society, in the wake of COVID-19 pandemic lockdowns and resulting economic hardships.
The signers include two Disney heirs, Ben and Jerry’s ice cream co-founder Jerry Greenfield and citizens of a dozen different countries like Spain, the UK, the U.S., Holland, Russia, and others.
“Unlike tens of millions of people around the world, we do not have to worry about losing our jobs, our homes, or our ability to support our families,” reads the letter. “We are not fighting on the frontlines of this emergency and we are much less likely to be its victims.”
Together the signers formed the Millionaires for Humanity project, which has the backing of the mega charity Oxfam, as well as the Patriotic Millionaires and Tax Justice UK, among others.
They have called on governments to create an “immediate, substantial, permanent,” increase to tax rates on “people like us.”
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“Government leaders must take the responsibility for raising the funds we need and spending them fairly. We can ensure we adequately fund our health systems, schools, and security through a permanent tax increase on the wealthiest people on the planet,” reads the letter.
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