As U.S. Hits Debt Ceiling, Millionaires Tell Davos Leaders: Raise Our Taxes

[babylonsister]

As U.S. Hits Debt Ceiling, Millionaires Tell Davos Leaders: Raise Our Taxes
Abigail Disney rips Davos as a "farce" until participants start talking about the "only thing that can make a difference: Taxing the rich."
Mary Papenfuss
Jan 20, 2023, 02:18 AM EST


More than 200 millionaires — many of them American — have presented a manifesto to the World Economic Forum in Davos, Switzerland, to “tax the ultra-rich” — including themselves.

The call, issued in an open letter Wednesday entitled “The Cost of Extreme Wealth,” comes just as the U.S. hit its $34.1 trillion debt limit.

The non-partisan U.S. Congressional Budget Office has linked the massive tax cuts granted during the Trump administration — mostly benefiting the wealthy and corporations — to a $1 trillion deficit in 2020 alone. Yet Republicans are now talking about shaving Social Security and Medicare to save money, not raising taxes on the rich.

“Tax the ultra rich and do it now,” ordered the letter to the Davos forum by the American and British Patriotic Millionaires organizations, TaxMeNow and Millionaires for Humanity.

Wealthy heir Abigail Disney blasted Davos in a statement as a “farce” for failing to address the issue.

“Extreme wealth is eating our world alive. It is undermining our democracies, destabilizing our economies, and destroying our climate,” she added. “But for all their talk about solving the world’s problems, the attendees of Davos refuse to discuss the only thing that can make a real impact — taxing the rich.”

more...

https://www.huffpost.com/entry/davos-millionaires-tax-us-abigail-disney-wealth-inequality_n_63ca20eee4b04d4d18ddeace

[mountain grammy]

1. Let's ask Manchin and Sinema what they think

Cut social security. Oh ok.

[jimfields33]

6. Millionaires can write a check to the

Department of treasury everyday. In fact, anybody can. Why is no organization having a campaign showing this. Heck maybe it might get people to do it. People act like a law has to be made before donating to the government. Wake up!

[hatrack]

2. It's easy to virtue-signal by calling for what will never, ever, ever happen . .

It's kind of like the API and Shell and BP calling for a carbon tax.

So, while they're certainly not wrong, and I appreciate their grasp on reality, I'm not holding my breath.

[FalloutShelter]

3. Beat me to it...

Performance art. Hearing the wheels of the tumbrels are they?

How about all the signatories get together and give their fortunes away for the performance of good works!

Crickets?

[Tickle]

4. right, what hatrack said NT

[Stargazer99]

5. In the 1700s (not sure about the date) the French hung and guillotined

their rich and I doubt the rich really give a damn about anyone but themselves and they might be getting a little scared

[Midnight Writer]

7. Talk is cheap. What are they paying lobbyists to push for? Hint: It ain't higher taxes for the rich.