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Patriotic Millionaires

The Patriotic Millionaires is a group of high-net worth Americans committed to building a more prosperous, stable, and inclusive nation.

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Search Results for: philanthropy

Don’t Trust Billionaire Philanthropy

December 8, 2022 Wes Bowden

…incredibly dangerous when it feeds into anti-government sentiment and promotes the idea that philanthropy is the answer to our country’s systemic issues. This thinking increases our dependence on philanthropy from…

Don’t Trust the “Good Billionaires”

September 21, 2022 Emily McCloskey

…but it shouldn’t. Buffett’s hypocrisy has reared its ugly head many times over the years. He has long profited from morally-suspect industries, and his philanthropy is, while significant, far from…

billionaires, inequality

Why I Am A Patriotic Millionaire: Jeff Huggett

May 9, 2022 patrmill

…this charitable inclination is commendable. But it is not enough. The thorny issues within all of our communities cannot be adequately addressed by philanthropy alone. Strong communities create pathways to…

Why I Am A Patriotic Millionaire

Systematic Change Takes More Than Individual Action

April 22, 2022 patrmill

…philanthropy, and we believe that charitable giving is a good thing. But individual philanthropic giving comes nowhere near replacing the well-funded public services we need. Who wants to put their…

We Should All Be Skeptical of Rich People’s Philanthropy

December 2, 2020 Patriotic Millionaires

…are – and aren’t – doing to make philanthropy work. First of all, rich people in America need to be giving more, period. We need to be paying higher taxes…

philanthropy, Values, Wealth Inequality

What Happened to the American Dream?

October 2, 2020 Patriotic Millionaires

…and another 23% to programs such as medical, empowerment, and education—about 1/3 of philanthropy in total to those in need. 69% went elsewhere. Total US philanthropy in 2019 was $450…

American Dream, Dale Walker, Economics, inequality, Values

The Good, The Bad, And the Ugly of the HEROES Act

May 27, 2020 patrmill

…philanthropy and of course, massive tax deductions. In these unprecedented times, we need as much spending as possible and we cannot rely on voluntary acts of philanthropy to save us….

COVID-19, DARES, Economic Recovery, Taxes

Big corporations are Preying on the Small Business Loan Program

May 12, 2020 Patriotic Millionaires

…small businesses through private philanthropy either. As a wealthy person myself, I can say that most wealthy people tend to invest their money rather than spend it, unlike most people…

Coronavirus, inequality

Just Pay Your Taxes, Mr. Bezos

December 4, 2019 Staff

…garnered Bezos a fair bit of glowing press coverage, we have reservations about celebrating the world’s richest man for using the spectacle of philanthropy as a political shield against paying…

Economics, philanthropy

Vatican Youth Symposium Breakdown

October 30, 2019 Sam Quigley

…expand internationally, that this money needs to come largely from wealthy people, and it needs to come from them via taxes, not just philanthropy. We’re facing massive, systemic problems, and…

Abigail Disney Testimony Before the House Committee on Financial Services

May 15, 2019 Staff

…the education most of their parents got either almost or totally free of charge. Philanthropy is often offered as the answer to the problem of inequality. While wonderful, philanthropy is…

Income Inequality, Wages, Workers Rights

Senator Warren is Right: America Needs a Wealth Tax

February 2, 2019 Morris Pearl, Patriotic Millionaires Chairperson

…should we allow infrequent philanthropy to excuse their wealth hoarding. The stakes are too high. Right now, 40% of Americans cannot afford a $400 emergency, and, as we saw this…

Taxes, Wealth Inequality

The Problem with Modern Philanthropy

August 22, 2018 Morris Pearl, Patriotic Millionaires Chairperson

…further their own ideological vision for what our society should look like. While there is nothing inherently wrong with philanthropic giving, it’s become clear that modern philanthropy has become an…

Money in Politics, Wealth Inequality

Elected Officials, not Philanthropists, Should Make Decisions for Our Country

October 13, 2017 Morris Pearl, Patriotic Millionaires Chairperson

…Geffen is well-known today for his philanthropy. For example, UCLA’s School of Medicine was renamed in his honor following a $200 million donation in 2001. I’m not opposed to these…

Pearls of Wisdom, philanthropy

What is the Point?

January 13, 2017 Patriotic Millionaires

…participates fully and equally in our democracy. We can not simply rely on patriotic philanthropy to fulfill the needs of this nation, we must comprehensively imbed it into our very…

Government, Wealth Inequality

Larry Summer Echoes Patriotic Millionaires in Condemning Carried Interest

May 12, 2016 Patriotic Millionaires

…philanthropy.” “There’s nothing patriotic or philanthropic about subverting the fabric of our democracy,” Pearl wrote in his response, “the carried interest loophole is the poster child for the problem of…

Carried Interest, Taxes

Patriotic Philanthropy?

April 17, 2016 Morris Pearl, Patriotic Millionaires Chairperson

…on billionaire David Rubenstein, whose self-proclaimed “patriotic philanthropy” helped repair the Washington Monument after an earthquake and build a gallery to house the Magna Carta, among other things. In his…

Carried Interest, Government, Money in Politics, Pearls of Wisdom, Political Inequality, Taxes

Taxes and Philanthropy

March 16, 2016 Morris Pearl, Patriotic Millionaires Chairperson

…of money to what he calls “Patriotic Philanthropy,” including paying for some of the monuments and museums in Washington DC. I have nothing against the Washington Monument. I was in…

Carried Interest, Government, Infrastructure, Patriotic Millionaire Spotlight, Taxes

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I don’t want to add to my personal net worth at the expense of my fellow Americans. I can pay more, I should pay more, and I reject the false concept that we wealthy Americans are the job creators who will leave the country with our money if we’re asked to pay our fair share. —Karen Stewart, Patriotic Millionaire and Angel Investor

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Patriotic Millionaires

Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system: 1. All citizens should enjoy political power equal to that enjoyed by millionaires; 2. All citizens who work full time should be able to afford their basic needs; 3. Tax receipts from millionaires, billionaires and corporations should comprise a greater proportion of federal tax receipts.
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The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country’s political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three “first” principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.

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