‘Patriotic Millionaires’ Want Higher Taxes
A group of millionaires is calling on Washington to raise taxes on the wealthy for the good of the economy (“Rich people are not the cause of a robust economy, they’re the result of a robust economy”) and their fellow Americans (“We shouldn’t be wallowing in our riches while everybody else is suffering”).
Learn more at the group’s website or from the interview below. — PZS
A group of wealthy Americans that calls itself the Patriotic Millionaires for Fiscal Strength has sent a letter to President Obama and Congress asking them to raise their taxes and the taxes of the 370,000 other Americans who earn more than $1 million a year.
In a video the group released Tuesday, members say they “shouldn’t be wallowing in … riches while everybody else is suffering.” They say the tax cuts President Bush signed into law 10 years ago were a mistake that needs to be fixed.
“My country — our country — means more than my money,” members say in the video.
WAIT, BEFORE YOU GO…
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.