Aired on 20 October. Linked from Bloomberg.
An interview with Wealth for the Common Good co-founder Chuck Collins on Bloomberg’s Inside Look.
A group of wealthy people is circulating a petition calling for higher taxes for themselves. Sound familiar?
This particular group is based in Germany, and it is asking the government to impose a 5% wealth tax on the 2.2 million people with over 500,000 euros. This has the potential to raise over 100 billion euros for economic recovery.
Like Wealth for the Common Good signers, these petitioners believe that reinvesting in the common good is a necessary strategy for addressing inequality.
As reported by the BBC:
“The path out of the crisis must be paved with massive investment in ecology, education and social justice,” they say in the petition.
Those who had “made a fortune through inheritance, hard work, hard-working, successful entrepreneurship, or investment” should contribute by paying more to alleviate the crisis.
It’s powerful when those who would pay a tax advocate on its behalf. We wonder, where will the next campaign be?
Chuck Collins and Alison Goldberg will lead a workshop at the upcoming Making Money Make Change conference on November 13th in Falls Village, CT.
Here’s the description:
Join us for a unique opportunity to learn about some of the big tax policies that are up for debate and how young people with privilege and wealth can engage in fair and progressive tax reform. You don’t need to know anything about tax policy to participate! Learn about income taxes and inequality, how wealth and work are taxed differently, and what we can do to ensure the estate tax is maintained. This workshop was designed by Wealth for the Common Good, an emerging network of business leaders, wealthy individuals, and partners supporting public policies that promote shared prosperity and fair taxation.
This workshop is part of an ongoing series we developed for Resource Generation, to bring young people with wealth into a conversation about progressive tax reform.
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