Eighty-three millionaires have signed an open letter calling on governments around the world to tax them more to help fund the economic recovery from the coronavirus crisis.
The group, which has called itself ‘Millionaires for Humanity’ is asking governments to raise taxes on its members “immediately, substantially and permanently”.
Signatories include Disney heir Abigail Disney and Ben and Jerry’s co-founder Jerry Greenfield, as well as other millionaires from around the world.
The letter has been signed by four British millionaires, including Blackadder and Four Weddings And A Funeral writer Richard Curtis.
Those who signed the letter said: “The problems caused by, and revealed by, Covid-19 can’t be solved with charity, no matter how generous. Government leaders must take the responsibility for raising the funds we need and spending them fairly.
“We can ensure we adequately fund our health systems, schools, and security through a permanent tax increase on the wealthiest people on the planet, people like us.”
A recent report by Credit Suisse found there are 46.8 million millionaires worldwide, and they own nearly half of the world’s global total wealth.
The open letter continued: “We owe a huge debt to the people working on the frontlines of this global battle. Most essential workers are grossly underpaid for the burden they carry. At the vanguard of this fight are our health care workers, 70 per cent of whom are women.”
The signers conclude that raising taxes on the wealthy is the “only choice” and that “humanity is more important than our money”.
Some of the world’s super-rich have already donated money to assist Covid-19 relief efforts — including Microsoft founder Bill Gates and Twitter founder Jack Dorsey.
Related: Face mask palaver continues as Justice Secretary says they should ‘perhaps’ become mandatory
While you are here, we wanted to ask for your help.
Free, independent journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free, independent media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can’t do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting free, independent journalism.
The shop can be found here.
