“I’ve come to realize that no amount of philanthropic commitment will compensate for the deep inequities... It’s time to start talking seriously about a wealth tax.” Those are the words of the billionaire philanthropist Eli Broad. The tide is turning.
In Opinion Eli Broad, a philanthropist and former entrepreneur, writes, "I simply believe it’s time for those of us with great wealth to commit to reducing income inequality, starting with the demand to be taxed at a higher rate than everyone else"
In Opinion Eli Broad, a philanthropist and former entrepreneur, writes, "I simply believe it’s time for those of us with great wealth to commit to reducing income inequality, starting with the demand to be taxed at a higher rate than everyone else."
“I’m not an economist but I have watched my wealth grow exponentially thanks to federal policies that have cut my tax rates while wages for regular people have stagnated and poverty rates have increased.”
Bravo, Eli Broad. He supports new policies that by my calculations would require him to pay $134 million a year in wealth taxes, and when he dies to share $2.5 billion more in estate taxes with his fellow citizens. via
Please, Please Raise My Taxes
The enormous challenges we face as a nation: the climate crisis, shrinking middle class, skyrocketing housing & health care costs, and more are a stark call to action. The old ways aren’t working and we can’t waste any more time tinkering around the edges.
Eli Broad, the bilionaire philanthropist says "Tax Me". "I’ve come to realize that no amount of philanthropic commitment will compensate for the deep inequities preventing most Americans ... from the basic prosperity we call the American dream."
I’m in the 1 Percent. Please, Raise My Taxes.
This Eli Broad op-ed isn't the first "Raise my taxes" article by a billionaire, but it's well done, describing how his thinking changed and getting specific about alternative tax policies. Philanthropists realizing that they need a robust public sector!
"I’ve come to realize that no amount of philanthropic commitment will compensate for the deep inequities preventing most Americans from the basic prosperity we call the American dream. I’m in the 1 Percent. Please, Raise My Taxes. "
Powerful opinion piece by philanthropist Eli Broad. “The enormous challenges we face as a nation — the climate crisis, the shrinking middle class, skyrocketing housing and health care costs, & many more — are a stark call to action.” ⁦
Wise words from Eli Broad: "I’m not an economist but I have watched my wealth grow exponentially thanks to federal policies that have cut my tax rates while wages for regular people have stagnated and poverty rates have increased."
I’m in the 1 Percent. Please, Raise My Taxes. via
Well this is refreshing.
Billionaire Eli Broad: No amount of #philanthropy will make up for deep inequities in America via
Strong piece. One thing to add. Following Eli Broad’s prescription will produce not only more equity but stronger growth in the US. via ⁦
a tax on all great pools of wealth is the perfect; the good is the wealthy tax themselves, by not claiming deductions. Don't let the perfect be the enemy of the good
"No amount of philanthropic commitment will compensate for the deep inequities preventing most Americans—factory workers & farmers, entrepreneurs & electricians, teachers, nurses & small-business owners — from basic prosperity we call the American dream."
I’m in the 1 Percent. Please, Raise My Taxes.
Worth reading. The case is strong. The effects of extreme wealth differences are easily measurable. I’m in the 1 Percent. Please, Raise My Taxes.
Excellent essay in #NYTimes
Here's the Eli Broad piece
Eli Broad: "I’ve come to realize that no amount of philanthropic commitment will compensate for the deep inequities preventing most Americans ... from the basic prosperity we call the American dream."
Please, Please Raise My Taxes via
Love seeing more public statements like this from enlightened plutocrats! Living in Silicon Valley, it's so clear to me that we can make significant structural changes to taxes and worker power without killing the innovation engine.