George Soros Leads Chorus of Wealthy Calling For A New Wealth Tax

Billionaire George Soros and members of the Gund and Pritzker families are among a number of the world’s wealthiest business leaders to have signed a letter calling for a new U.S. wealth tax

families are among a number of the world’s wealthiest business leaders to have signed a letter calling for a new U.S. wealth tax.

The letter, released today, addressed to “2020 Presidential Candidates” claims “America has a moral, ethical and economic responsibility to tax our wealth more. A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms. Instituting a wealth tax is in the interest of our republic.”

“The next dollar of new tax revenue should come from the most financially fortunate, not from middle-income and lower-income Americans.”

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