This Monday, May 17th, an organization of millionaires in the United States called Patriotic millionaires (Millionaires Patriots) protested in the North American country. On the agenda of the same was a stop at the house of Jeff Bezos, the founder of Amazon.
The demonstrations took place simultaneously in New York and Washington DC and consisted of viewing three mobile billboards that read “Cut the bull — Tax the rich”.
What are the patriotic millionaires looking for?
The group’s goal is to tax the rich in America more. The promotional material included photos and videos of top billionaires such as Elon Musk, Mark Zuckerberg and Jeff Bezos.
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“As our country debates a reform of national tax laws that would significantly increase tax rates for millionaires, billionaires and wealthy corporations, patriotic millionaires launch an offensive against the people who stand in the way. Selfish billionaires, Wall Street moguls and CEOs are fighting with all their might to protect their own tax breaks at the expense of the American people, ”the group explains on its official blog.
Image: Patriotic Millionaires
Importantly, this rally takes place as President Joe Biden and the Democratic Legislature look for a way to levy taxes on companies and individuals making more than $ 400,000 with a goal of raising their proposed $ 2 trillion infrastructure – dollars to pay.
In statements for CNBCErica Payne, founder and group president, commented, “Jeff Bezos is an example of the utter idiocy of the country’s tax laws” and that the tycoon’s enormous wealth means he should pay more taxes. He also referred to the cost of the yacht the billionaire is building.
Who are the members of the Patriotic Millionaires?
They are Americans whose annual earnings are more than $ 1 million or who have total assets over $ 5 million. They define themselves as “proud traitors of their class … wealthy Americans, business leaders and investors who share concern about America’s destabilizing concentration of wealth and power”.