The 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:
- All citizens should enjoy political power equal to that enjoyed by millionaires;
- All citizens who work full time should be able to afford their basic needs;
- Tax receipts from millionaires, billionaires and corporations should comprise a greater proportion of federal tax receipts.
The group first came together in 2010 to demand an end to the Bush tax cuts for millionaires, instantly sparking the public’s attention. Overnight, the group became a media sensation. Over the last six years, the group has generated hundreds of millions of dollars’ worth of media attention, appearing on outlets from the Daily Show with Jon Stewart to the PBS NewsHour; from the front page of the Boston Globe to The History Channel. The Patriotic Millionaires’ reach is so vast that the President of the Czech Republic referenced the group in an address to the Czech Parliament. The largest television station in Japan and a major Swedish magazine both did feature stories on the group. They had the honor of joining the President in the White House in 2012 for his Tax Day address and in 2014 for the signing of the Executive Order raising wages for federal contract employees.
The group is chaired by Morris Pearl, a former Blackrock executive who retired 3 and a half years ago after a long career on Wall Street to work with the Patriotic Millionaires full time. Patriotic Millionaires members include investors and business owners from across the country engaged in a wide array of industries. Our members include: David desJardins, the #20 employee at Google; legendary venture capitalist Alan Patricof, New York psychologist Gail Furman; filmmaker Abigail Disney; technologist Steve Silberstein; billionaire medical device heiress Pat Stryker; investor Lawrence Benenson of Benenson Capital Partners; textile entrepreneur Great Neck Richman; philanthropist Molly Munger; corrugated cardboard magnate Dennis Mehiel and media investor Leo Hindery, Jr. among many others.
In addition to driving the public narrative, the Patriotic Millionaires have met privately with hundreds of elected leaders from both parties. We have testified in front of lawmakers at the local, state, and federal levels on issues from minimum wage to campaign finance to tax policy. We had the honor of joining President Obama in the White House in 2012 for his Tax Day address and in 2014 for the signing of the Executive Order raising wages for federal contract employees.
The Patriotic Millionaires’ book Re-Negotiating Power and Money in America outlines the group’s core values and suggests specific pieces of legislation to advance those values.