Tag Archives: OLIGARCH

Pass the OLIGARCH Act. Save democracy.

July 26, 2023 Patriotic Millionaires

It’s a monumental day at the Patriotic Millionaires! Today, with support from our organization and a number of our allies, Representatives Barbara Lee (CA-12), Summer Lee (PA-12), Rashida Tlaib (MI-13), and Jamaal Bowman (NY-16) introduced the Oppose Limitless Inequality Growth and Reverse Community Harms (OLIGARCH) Act, which will create an annual wealth tax focused exclusively on containing destabilizing inequality in America and ensuring the viability of … Continue reading Pass the OLIGARCH Act. Save democracy. »

Democracy, Money in Politics, OLIGARCH, Political Inequality, Tax the Rich, Wealth Inequality, wealth tax

I’m not any more altruistic than the next guy, I’m just greedy for a different kind of country than most other rich people. I want to be a rich man in a rich country.
—Morris Pearl, Patriotic Millionaires Chair and Former Managing Director at BlackRock

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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.

Patriotic Millionaires12 hours ago

"Vice President Harris will have to prosecute the case against the Trump tax cuts for the wealthy and corporations, which will be no small task. But if her history on tax is anything to go by, we have every reason to be optimistic."

In our latest Closer Look, the Patriotic Millionaires bring you everything you need to know about where the the presumptive Democratic nominee stands on tax policy.

https://patrioticmillionaires.org/2024/07/24/the-economist-is-wrong-about-unrealized-capital-gains/

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Patriotic Millionaires3 days ago

Today marks fifteen years of the Federal minimum wage stagnating at $7.25, and because of inflation, it's worth less now than at any time since 1949.

https://www.axios.com/2024/07/24/last-federal-minimum-wage-increase-15-years-ago-2009

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Patriotic Millionaires4 days ago

"Rich people have vastly more access to our political leaders than do most people. I'm not really any smarter than the next guy but, somehow, people listened to me more, because I'm in the top 100 or 200 on the list of political donors and that's a sad reality."

Morris Pearl, Chair of the Patriotic Millionaires, speaking to the Australian Broadcasting Corporation (ABC).

https://www.abc.net.au/news/2024-07-23/group-of-millionaires-lobbying-taxed-more-government/104109738

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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.

Tag Archives: OLIGARCH

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