• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 6, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in General News

MILLIONAIRES CALL FOR AN INCREASE IN TAXES FOR THE WEALTHY

Maynard Championby Maynard Champion
July 13, 2020
Reading Time: 3 mins read
Add as Preferred on Google
There are in excess 500,000 people in the world with fortunes of more than $30m
Getty Images

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.

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: COVID19MILLIONAIRES
Please login to join discussion
Previous Post

Just In : Zindzi Mandela, daughter of Nelson Mandela, is Dead

Next Post

38 employees of FDA have tested positive for COVID-19

Related Posts

PAC Committee Chairperson Hon. Abena Osei Asare and Ranking Member Hon Samuel Atta Mills
General News

PAC Steps Down Washington Embassy, African Games Audits From 2025 Hearings

October 6, 2026
PAC Committee Chairperson Hon. Abena Osei Asare and Ranking Member Hon Samuel Atta Mills
General News

PAC Demands Answers on GH¢5.2 Billion Irregularities in MDA Audit Report

October 6, 2026
Prof. Aaron Mike Oquaye, Former Speaker of Parliament
General News

Former Speaker Of Parliament Demands Stronger Safeguards For Judicial Independence

October 6, 2026
Teachers Demonstration
General News

FWSC CEO Gives Update, Explains Process For Teacher Promotion Payments

October 6, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Professor Aaron Mike Oqauye

Prof. Mike Oquaye Urges Constitutional Reforms on Minerals

October 6, 2026
Ghana Records 25m Credit Enquiries Amid Lending Shift

Bank Fraud Units Get New Powers Under New BoG Directive

October 6, 2026
trump 1

Trump Links Student Protests In France To Migration

October 6, 2026
PAC Committee Chairperson Hon. Abena Osei Asare and Ranking Member Hon Samuel Atta Mills

PAC Steps Down Washington Embassy, African Games Audits From 2025 Hearings

October 6, 2026
Pakistan Blames India For Suspected Suicide Attack On School Bus

Pakistan Expands Fuel Relief As Prices Surge

October 6, 2026
ADVERTISEMENT
Next Post
FDA1

38 employees of FDA have tested positive for COVID-19

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.