A Message From the Billionaire’s Club: Tax Us

Billionaire George Soros pays many millions in taxes per year.

CreditCreditFabrice Coffrini/Agence France-Presse — Getty Images

 

Enthusiasm for a wealth tax on the country’s thin sliver of multimillionaires and billionaires may be unsurprising. After all, most Americans wouldn’t have to pay it. But now the idea is attracting support from a handful of those who would.

A letter being published online on Monday calls for “a moderate wealth tax on the fortunes of the richest one-tenth of the richest 1 percent of Americans — on us.”

The “us” includes self-made billionaires like the financier George Soros and Chris Hughes, a Facebook co-founder. It also includes heirs to dynastic riches like the filmmaker Abigail Disney and Liesel Pritzker Simmons and Ian Simmons, co-founders of the Blue Haven Initiative, an impact investment organization.

Read more at ‘Billionaires – Tax Us

 

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