I’ve always thought that the more you make, the more you should give back to your community. However, over the course of my life, I’ve realized that my beliefs were often at odds with the wealthy folks around me – folks who would take any opportunity to ignore their societal responsibility to give back to those that helped them earn their fortune, and instead exploit … Continue reading Why I’m A Patriotic Millionaire: Kristin Luck
As someone new to being wealthy, I’ve discovered it’s cheap to be rich in this country. Only in America can you make a fortune in Silicon Valley, yet safely send your children to public school, drive your own car, and travel without a bodyguard. The wealthiest Americans can claim depreciation on their private jets, own 2+ homes to claim residence in a no-income-tax state, and … Continue reading Why I’m A Patriotic Millionaire: Karen Edwards
House Democrats are making a serious mistake. On July 1st, the Democrat-controlled House passed a massive, $1.5 trillion infrastructure bill. This bill is basically just a messaging bill, intended to serve as a display of Democratic priorities, since it has almost no chance of getting passed in the Republican-controlled Senate. This infrastructure bill has a lot of good things in it, but there’s one significant … Continue reading The House Infrastructure Bill Has a Big Problem
The U.S. has been mired in the worst recession in most Americans’ lifetimes since late February, according to top economists. From the highest rates of unemployment in our country’s entire history to miles-long lines at food banks, it’s obvious that millions of Americans are in dire financial straits. One would expect, then, that the poverty rate in America would also be skyrocketing. However, multiple studies … Continue reading A Closer Look: Mid-Recession, Why Aren’t Poverty Rates Skyrocketing?
The way Senator McSally would like it presented, her bill gives Americans $4,000 to take a vacation, but the reality is much more complicated.
As cities across the US continue to see a swath of uprisings in response to the murders of George Floyd and Breonna Taylor by police, our country is being forced to reckon with its racist foundations and systems. That’s long overdue, and there is much more work to be done than what we’ve seen in the past month or so, but the Patriotic Millionaires welcome … Continue reading Anti-Racism & Wealth: Putting Your Money Where Your Mouth Is
The Supreme Court just announced (Monday, 22 June 2020) that they are refusing Intel’s final appeal, and Intel will now apparently be paying some taxes on a small part of their profit that they were trying to shelter in some little Caribbean Island.
If you take some of your money that is invested in one business, and use it to invest in something (like a building) for the purpose of running another business, should the act of buying the stuff for the new business generate a huge tax break for you? The way our government answers that question has hundreds of billions of dollars of impact on corporate taxation.
We know that the racial wealth gap is real, and large. We also know that it didn’t just happen, it’s the result of a long history of government policies that favored white families over Black ones. Just because many of these programs and policies have ended doesn’t mean we can ignore their legacy.
Sometimes there are moments where conducting business as usual is not only grossly inappropriate, but simply impossible. The nationwide protests this past week are exactly one of those moments. The murder of George Floyd, like the murders of Ahmaud Arbery, Breonna Taylor, and every other unacceptable killing of Black Americans before them, have exposed the rotten truth at the heart of our country: the United … Continue reading Black Lives Matter.
A response to NYT article, “California, in Rush to Save Lives, Pushed Potent Economy to Brink”: As a grateful Californian and participant in the “potent economy” I am deeply offended and dismayed by this article on multiple fronts. My biggest beef, is that the article was void of any counterbalancing reasons as to why California shut down in the midst of an MIA (missing … Continue reading Stop Obfuscating. We Know Who’s to Blame.
Earlier this month, the Patriotic Millionaires launched an exciting new direct legislative advocacy project in tandem with several key allies called Donors Advocating for Real Economic Solutions (DARES). This joint venture is focused on creating legislation to relieve the economic pressure from the COVID-19 crisis by drawing on the collective power of political donors to directly and effectively lobby on behalf of legislation that will … Continue reading The Good, The Bad, And the Ugly of the HEROES Act
As an American who has benefited immensely under our system of capitalism, I so want to believe the purpose of capitalism is to increase happiness for all. The COVID-19 pandemic, however, is prompting me to ask questions that challenge that belief. Questions like: who do we take for granted in our society, when the reality is that our society depends on them? The Coronavirus has … Continue reading Undocumented Workers Are Essential. Let’s Treat Them Like It.
As we approach the third month of nationwide social distancing orders, many of us have become accustomed to our new life indoors thanks to the plethora of activities and connections internet access can provide. However, for many of my fellow Americans in small towns and rural communities, high-speed fiber optic internet connection is a luxury that they simply do not have access to. In today’s … Continue reading High-Speed Internet Isn’t a Luxury – It’s a Necessity
Since the program’s launch, countless small businesses across the country discovered that the government loans they were promised to stay afloat during the COVID-19 crisis were handed over to wealthy corporations before they ever saw a dime. Those small businesses are the backbone of the American dream, offering immigrants and low income Americans a path to financial independence and success. But without critical aid, the … Continue reading Big corporations are Preying on the Small Business Loan Program
As the COVID-19 pandemic spurs unprecedented layoffs, business closures, and general economic havoc, the US policy response has largely focused on trying to put fires out as they arise rather than following a long-term strategy to contain the economic wildfire. This is flawed but certainly understandable thinking, as it can be incredibly hard in the midst of an unprecedented crisis to discern which problems need … Continue reading Saving the Postal Service is a Democracy Issue
FORTUNATE SON: I’ve been very fortunate throughout my life and it has led me to great success and prosperity. I joined the PATRIOTIC MILLIONAIRES because I believe that everyone should have the same chance I had to live a fortunate life. I was born and raised in California. And that good fortune allowed me to attend superior … Continue reading Why I’m a Patriotic Millionaire: Robert Burnett
You might have heard about the “Millionaires Giveaway” or the “Grassley Giveaway” already, but what exactly is it? Here’s some background that you need to know to understand this tax break.
One of the largest looming catastrophes of the COVID-19 crisis is right in American homes. This April, nearly a third of renters weren’t able to pay their rent, and with many hourly and low-wage Americans still out of work, many are wondering how they will afford groceries, medicine, and other necessities – never mind the rent. The beginning of May marks the second rent or … Continue reading American Homes are at Risk. We Need a Tenants Bailout Now.
There is no reason for the government to give a free handout to the shareholders of the airlines.