The group seeks more taxes to be levied on wealthy people.
Grow Your Business,
Not Your Inbox
Stay informed and join our daily newsletter now!
3 min read
This Monday, May 17, an organization of millionaires in the United States, called Patriotic Millionaires (Millionaires Patriots) carried out a protest in the North American country. Within the agenda of the same one stood out a stop in the house of Jeff Bezos , the founder of Amazon .
The demonstrations took place in both New York and Washington DC simultaneously and consisted of the tour of three mobile billboards that would carry the message of “Cut the bull — Tax the rich” (cut the garbage, taxes for the rich).
What are the Patriotic Millionaires looking for?
The group’s goal is to tax the wealthy in America more. The advertising material featured photos and videos of top billionaires such as Elon Musk, Mark Zuckerberg and Jeff Bezos.
“As our country debates a reform of the national tax code that would significantly increase the rates for millionaires, billionaires and wealthy corporations, the Patriotic Millionaires are launching an offensive against the people who get in the way. Selfish billionaires, Wall Street moguls and CEOs are fighting tooth and nail to protect their own special tax breaks at the expense of the American people, ”the group explains on its official blog .
Image: Patriotic Millionaires
It is important to note that this demonstration occurs while President Joe Biden and Democratic legislators are looking for a way to increase taxes on corporations and individuals who earn more than $ 400,000, all with the goal of paying for their infrastructure proposal of 2 trillion dollars.
Speaking to CNBC , Erica Payne, founder and president of the group, commented “Jeff Bezos exemplifies the utter idiocy of the country’s tax code” and that the tycoon’s vast wealth means he should pay more taxes. He also referred to the cost of the yacht that the billionaire is building.
Who are the members of the Patriotic Millionaires?
They are Americans whose annual earnings are greater than $ 1 million or have total assets greater than $ 5 million. They define themselves as “proud traitors to their class … High-net-worth Americans, business leaders, and investors who are united in their concern over the destabilizing concentration of wealth and power in America.”