Wealth for the Common Good is a network of business leaders, high-income individuals and partners working together to promote shared prosperity and fair taxation. We are “the 1 percent” that wants an economy that works for everyone. Our membership includes entrepreneurs, doctors, lawyers, school teachers, engineers and elected officials of all backgrounds and from all over the country. Learn more about the individuals in our network.
Where we have been
Over the last 30 years, economic policies in America have shifted to disproportionately benefit the nation’s top earners. We began organizing our network in 2008, at the peak of the economic crisis, to help rebalance the tax system. With our partners, we publicly launched our first campaign, to reverse the Bush-era tax cuts on high-income households, in the summer of 2009. Since then we have continued to work through partnerships to increase high-income tax rates, end corporate tax dodging, stop Wall Street speculation, and build a more just economy. We contribute to the public debate on taxes by amplifying the voices of those who have benefited the most from public investments, have the greatest capacity to pay, and believe they should be asked to provide more for the common good.
Where we are going
During the past year, the landscape has shifted and new opportunities have arisen. A passionate call for equity has begun to win the hearts and minds of the public about the need for an overhaul of the economic system to be more fair and just. As members of the 1% who stand with the 99%, we know:
- Extreme levels of inequality are unfair and socially destructive and have nothing to do with individual merit and deservedness; the “self-made man” is a myth of the powerful.
- Inequality is bad for our democracy, economy, culture and environment.
- It is possible to change the rules of the economy to provide for people and the planet as well as profits.
- Members of the 1% have time, resources, and skills that can be added to the gifts and talents of those of the 99% for a transition to a new economy that is equitable and sustainable.
We know many members of the 1% are waiting to be called to meaningful action and our work now is to encourage and inspire them to be a part of this change.