The Economist: Who exactly are the 1%?
Originally posted by The Economist on 1/21/12 MITT ROMNEY is not the first multi-millionaire to seek the presidency, nor the richest. Ross Perot, the record-holder, spent some of his billions earned from computer data on losing bids in 1992 and 1996. Since then men who owe their or their family’s fortunes to oil, sport, publishing, [...]
NPR: GOP Objects To ‘Millionaires Surtax’; Millionaires We Found? Not So Much
By Tamara Keith Listen to the Story [4 min 37 sec] Download For the second week in a row, the Senate on Thursday voted down proposals to extend the payroll tax holiday through next year. In the case of the Democrats’ proposal, Republicans objected to the “millionaires surtax” that would be used to pay for [...]
Huffington Post: Morgan Stanley CFO Ruth Porat: Raise Taxes On The Rich
by Bonnie Kavoussi Originally posted on The Huffington Post, 12/4/11 The movement to raise taxes on the wealthiest Americans has gained an ally at the top of one of the United States’ largest banks. Ruth Porat, executive vice president and chief financial officer at Morgan Stanley, said on Saturday at the Economist’s World in 2012 summit that the government [...]
Betsy Malcolm: Luck Matters
An equitable tax system — paying for public services we all use, as well as offering support and a hand-up to those who’ve lost out in life’s lottery — should demand more of us. By Betsy Malcolm Distributed by Other Words, November 14, 2011 In their unbending opposition to raising a penny more in taxes [...]
Daily Finance: Take My Wealth, Please: 1 Percenters Who Fight for the 99 Percent
by Bruce Watson Originally posted on Daily Finance, December 1, 2011. Please visit the original article to see the video. Occupy Wall Street is slowing down a bit as winter sets in, but the conversation it inspired is still gaining momentum. Millions of Americans who once viewed themselves in general terms like “middle class,” “struggling” [...]
William Rice: The Rich Don’t Need A Free Ride
Why should I pay no taxes while someone who gets up and goes to work every day does? By William Rice, Distributed by Other Words, December 5, 2011 Despite popular fascination with the rich and famous, most working people have little understanding of the finances of the wealthy. And the rich use that unfamiliarity to their [...]
Bloomberg: Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer
by Nick Hanauer Originally posted by Bloomberg, 11/30/11 Nick Hanauer is a founder of Second Avenue Partners, a venture capital company in Seattle specializing in early state startups and emerging technology. He has helped launch more than 20 companies, including aQuantive Inc. and Amazon.com, and is the co-author of two books, “The True Patriot” and “The Gardens of [...]
ABC News: ‘Patriotic Millionaires’ Lobby Supercommittee for Higher Taxes
by Susanna Kim ABC News, November 16, 2011 Producer and entrepreneur Charlie Fink and two dozen other members of the Patriotic Millionaires for Fiscal Strength lobbied members of the super committee to increase their tax rates. (PatrioticMillionaires.org) Two dozen wealthy members of the group Patriotic Millionaires for Fiscal Strength are targeting members of the deficit “supercommittee” [...]
CNN Money: Millionaires ask Congress to raise their taxes
by Jennifer Liberto CNN Money, November 16, 2011 A group of millionaires visits Capitol Hill to ask lawmakers for a tax hike to help cut deficits. WASHINGTON (CNNMoney) — A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes. “We want to pay more taxes,” said California millionaire Doug [...]
PBS NewsHour: ‘Patriotic Millionaires’ Lobby Congress for Higher Taxes on Rich
Jeffrey Brown talks to Patriotic Millionaire Garrett Gruener, founder of Ask.com