Some of the nation's richest people converged in front of the U.S. Capitol on Tuesday to ask Congress to raise their taxes.
Some of the nation’s richest people converged in front of the U.S. Capitol on Tuesday to ask Congress to raise their taxes.
Joined by lawmakers who have introduced bills to tax the wealthiest Americans, the so-called Patriotic Millionaires issued a proposal to raise taxes on rich people, arguing it would help address growing inequality and avert an uprising. Pearl lambasted the current tax system and what he called the “ludicrous notion that [tax cuts for the wealthy] creates jobs and trickles down.” “They do not,” he said. “They rig the economy, and America pays the price.”
Last week, the global charity Oxfam released a report with new numbers showing how the rich have gotten richer during the coronavirus pandemic, and also called for a federal wealth tax.
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