It’s not often we need to email you on a Monday, so if we are, it has to be for a good reason. And believe us, we have one: May 11, 2025 marked the official launch of Patriotic Millionaires Canada!
America’s Most Regressive Tax Levy: Our Tax on Capital Gains
Our current effective tax rate on capital gains shrinks as the gains grow in size and duration, inviting the tax dodge — Buy–Hold for Decades–Sell — that’s driving America’s wealth concentration.
Unlike President Trump and congressional Republicans, we’re not letting go of our proposal to raise taxes on the rich. While they may have ideas and “concepts of a plan,” we are the ones with a legitimate, well-constructed legislative agenda that will deliver real and substantive relief to working people.
At a press conference in August 2024, while standing in front of a table stacked with grocery staples, then-presidential candidate Donald Trump said, “When I win, I will immediately bring prices down, starting on day one.” We’re now officially 100 days into Trump’s second presidency, and not only did the president break that promise, but he is actively pursuing a policy agenda that will make America’s checkout lines wildly more expensive than they already are.
If you’re looking to do some holiday shopping this weekend, we have a great tip for you: order a copy of Pay the People! Why Fair Pay is Good for Business and Great for America from Amazon, Barnes & Noble, or Bookshop!
Today’s the day! We’re thrilled to announce that our new book, Pay the People! Why Fair Pay is Good for Business and Great for America, is now available to order online and in bookstores across the nation – and that our journey to ensure fair pay for all has entered an exciting new chapter.
Our members just finished gathering in Washington, DC this week to reflect on the past year, the outcome of last week’s election, and where we go from here. After a number of productive and engaging events, we feel ready to tackle the challenges that lie ahead in the new year.
A self-avowed authoritarian successfully wielded the economic frustrations of millions to win the most consequential election of our nation’s history. The Democratic establishment has only itself to blame. Voters demanded a fundamental overhaul of a rigged economic system. When neo-liberal Democrats dithered, Donald Trump offered to clear the board, and voters chose the dark unknown rather than the status quo.
It’s hard to believe that we are just 12 days away from Election Day. The Patriotic Millionaires have never minced words, and we’re not going to start now: the stakes are extraordinarily high.
If you were a rich Wisconsinite striving to get even richer and you had little regard for intellectual honesty or the well-being of your fellow citizens, you would agree with Sen. Ron Johnson’s remarks at last month’s Senate Finance Committee hearing. Otherwise, you’d find the senator’s views troublesome, to say the least.
A CEO Makes the Business Case for the American Stability Act
This is John Driscoll again. If you remember, I’m the Patriotic Millionaire who wrote to you a few weeks ago to give you a full rundown on the state of wages in America, and why there’s a strong business case for paying people higher wages.
America is suffering from twin wage and tax crises, and today, the Patriotic Millionaires are excited to announce a bold, innovative solution we’ve worked on with our allies on the Hill! Today, with support from our organization and a number of cosponsors, Representative Summer Lee (PA-12) has introduced the American Stability Act.
Bank of America is Showing that Higher Wages and Good Business Can Coexist
Bank of America just announced that it will increase its company-wide minimum wage in October to $24 an hour, one of the highest wage floors in the United States. This $1 increase from the company’s current wage floor is more than good news for BofA’s employees – it’s further evidence that doing well and doing good can and should coexist in corporate America.
My name is John Driscoll. I am a member of the Patriotic Millionaires and a Senior Advisor to Walgreens Boots Alliance and the EQT Group. Previously, I was the CEO of CareCentrix, Group President for New Markets at Medco, and Executive Vice President at Walker Digital.
The Patriotic Millionaires are everywhere these days. We’re on the radio. We’re in the Midwest. We’re in the South. We’re in Washington, D.C. and at the United Nations. And now, we’re somewhere new: the big screen! The Deciders, a documentary about our Great Economy Project, was released on Apple TV TODAY!
Turns out, the biggest pro-worker piece of Donald Trump’s proposed economic agenda isn’t very pro-worker after all. On June 9, at a campaign rally in Las Vegas, Trump pledged to eliminate taxes on tipped income if he wins the White House again.
