Tag Archives: taxes for rich

matt damon for president! (or at least secretary of the treasury)

As Doc Brown observed in the 1985 film Back to the Future: “Ronald Reagan? The actor [is President of the United States]? Then who’s Vice-President? Jerry Lewis? I suppose Jane Wyman is the First Lady! … And Jack Benny is Secretary of the Treasury!”

If Ronald Reagan can do it, then why not Matt Damon?

Recently, Damon put the liberal back in Liberal Hollywood with his commentary on our current tax structure, and the correlative economic inequality our society is mired in:

“It’s criminal that so little is asked of people who are getting so much. I don’t mind paying more. I really don’t mind paying more taxes. I’d rather pay for taxes than cut Reading Is Fundamental, of Head Start, or some of these programs that are really helping kids. This is the greatest country in the world. Is it that much worse if you’re paying 6% more in taxes? Give me a break. Look at what you get for it. You get to be American.”

Conceding that a $250,000 annual salary takes the focus too close to the middle class, Damon suggests a tax reform of raising taxes on those making over $1 million/year, with a tax of 50% for those making over $5 million/year. “Why don’t you just tax the really rich?” Damon challenges. “Guys like me.”

Good question.

Democrats, are you listening?

Leave a comment

Filed under Accountable Wealth, American Dream, Class, Economic Justice, Economic Opportunity, Fair Taxation

revolt at the waldorf! rich activists push for higher taxes on themselves

Two weeks ago, two affluent activists from Resource Generation joined a rally at New York’s prestigious Waldorf Astoria Hotel to protest Governor Cuomo’s proposed social service cuts combined with tax cuts for the rich. They carried with them a most unusual protest sign: “Another trust-fund baby for taxing the rich.”

Why would they do this? Read about it in my recent article for InTheseTimes.com:

REVOLT AT THE WALDORF:

RICH ACTIVISTS PUSH FOR HIGHER TAXES ON THEMSELVES

A few weeks ago, outside Midtown Manhattan’s famed Waldorf Astoria Hotel, protesters gathered to rally against Governor Andrew Cuomo’s proposal to cut funding for public services, while also cutting taxes for the wealthy. Organized by New Yorkers Against Budget Cuts, the marchers represented several organizations joining together to “Demand That Millionaires Pay Their Fair Share.”

But amidst the chants of “Not another nickel, not another dime! Bailing out millionaires is a crime!” on March 31 were two protesters holding a very unusual rally sign: “Another trust fund baby for taxing the rich! Let’s pay our fair share!”

It certainly wasn’t the first time trust-funders have made their way up Park Avenue to the prestigious Waldorf Astoria. But it was probably the first time inheritors of wealth have publicly rallied in front of the esteemed hotel for an increase in taxes on themselves.

Who would do such a thing? Why would anyone actively advocate against their own self-interest? “Our current tax system perpetuates inequality,” states Elspeth Gilmore. “Wealthy people can really change that narrative.”

Read on …


 

Leave a comment

Filed under Accountable Wealth, Activism, Class, Economic Justice, Fair Taxation, Philanthropy, Social Change