US billionaires’ group offer for wealth tax

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US billionaires propose introducing a wealth tax on them.

The initiative is not shared by all representatives of both political parties and the business community.

Some representatives of wealthy citizens of the United States, including George Soros, Regan Pritzker, Abigail Disney and Chris Hughes, propose the introduction of a tax on wealth.

Owners of a fortune of more than $ 50 million are offered to tax 2% of the size of assets; billionaires (assets over $ 1 billion) – 1%.

This step, according to the authors of the appeal, will reduce inequality and finance the solution of problems associated with climate change and health, Bloomberg reports.

“We appeal to all presidential candidates, whether Republicans or Democrats, to support the introduction of a moderate wealth tax for one tenth of 1% of the richest Americans — for us,” finanz reports an excerpt from a letter signed on the Internet on Monday signed by 19 billionaires, including one anonymous signature – One more dollar of new tax revenues should be paid by the most financially fortunate ones, not by middle and low income Americans. ”

The idea was supported by several Democratic presidential candidates – Elizabeth Warren, Pete Buttigic and Beto O’Rourke, the letter said. Additional revenue from this tax could be about $ 3 trillion in the next 10 years, or about $ 300 billion annually.

For the sake of objectivity, it should be noted that the initiative is not shared by all representatives of both political parties and the business community.

As counterarguments, the complexity of assessing the value of works of art and jewelry is indicated.

Others see the future tax as unconstitutional, since the US government can only tax income, not property.