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MILLIONAIRES CALL FOR AN INCREASE IN TAXES FOR THE WEALTHY

Stephen M.Cby Stephen M.C
July 13, 2020
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in General News
0
MILLIONAIRES CALL FOR AN INCREASE IN TAXES FOR THE WEALTHY

There are in excess 500,000 people in the world with fortunes of more than $30m Getty Images

Some of the wealthiest and richest world millionaires have in an open letter called for a permanent increase in their taxes urging the government to do so in order to help combat the fight against coronavirus which is ravaging through nations with reasons that the pandemic might have a lasting impact. This letter saw various millionaires signing to push this cause, notable amongst them are Ben & |Jerry’s co-founder Jerry Greenfield and heiress Abigail Disney. They voiced out in the letter below

‘Millionaires for Humanity’ Sign On Letter To Our Fellow Global Citizens:

As Covid-19 strikes the world, millionaires like us have a critical role to play in healing our world. No, we are not the ones caring for the sick in intensive care wards. We are not driving the ambulances that will bring the ill to hospitals. We are not restocking grocery store shelves or delivering food door to door. But we do have money, lots of it. Money that is desperately needed now and will continue to be needed in the years ahead, as our world recovers from this crisis.

Today, we, the undersigned millionaires, ask our governments to raise taxes on people like us. Immediately. Substantially. Permanently.

The impact of this crisis will last for decades. It could push half a billion more people into poverty. Hundreds of millions of people will lose their jobs as businesses close, some permanently. Already, there are nearly a billion children out of school, many with no access to the resources they need to continue their learning. And of course the absence of hospital beds, protective masks, and ventilators is a painful, daily reminder of the inadequate investment made in public health systems across the world.

The problems caused by, and revealed by, Covid-19 can’t be solved with charity, no matter how generous. 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, people like us.

We owe a huge debt to the people working on the frontlines of this global battle. Most essential workers are grossly underpaid for the burden they carry. At the vanguard of this fight are our health care workers, 70 percent of whom are women. They confront the deadly virus each day at work, while bearing the majority of responsibility for unpaid work at home. The risks these brave people willingly embrace every day in order to care for the rest of us requires us to establish a new, real commitment to each other and to what really matters.

Our interconnections has never been more clear. We must re-balance our world before it is too late. There will not be another chance to get this right.

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. We are not fighting on the frontline of this emergency and we are much less likely to be its victims.

So please. Tax us. Tax us. Tax us. It is the right choice. It is the only choice.

Humanity is more important than our money.

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