Billionaires support wealth taxes
"We believe that permanent repeal of the estate tax would be bad for our democracy, our economy, and our society. Repealing the estate tax, a constructive part of our tax structure for 85 years, would leave an unfortunate legacy for America's future generations.
What is unusual is who is signing this: some of those on the receiving end. Warren Buffett, George Soros, Ted Turner, and all six of David Rockefeller's children. As one of the other signatories notes:
“It’s an amazing thing when people say, ‘You support the estate tax! Won’t that affect you?’ and the answer is ‘Yes and Yes.’ I don’t understand where people’s heads are. There’s a moral obligation of returning your wealth to society.”
To read the “call” (and sign it if you’re so inclined), click here.