Patriotic Millionaires

Over the next decade, more than $70 trillion will be passed down to heirs, and it's safe to say that most of that $70 trillion will end up in the hands of the already wealthy. We need a global plan to tax extreme inherited wealth. And we need it now. https://lnkd.in/eQQJTk_F 

NVIDIA’s $5 trillion milestone is being celebrated as a victory for innovation, but not enough attention is paid to how NVIDIA's most wealthy shareholders have earned billions in investment gains and they've not paid a nickel in tax. If we want the future to work for everyone, not just shareholders, we need to tax investment gains. https://lnkd.in/eW6uDxSJ

Democracy doesn’t die overnight. It erodes—one power grab, one silenced critic, one billionaire donor at a time. Trump’s strong alliance with billionaires and corporate donors has turned our democracy into a playground for the ultra-rich. https://lnkd.in/eGeSugQR 

The Climate Inequality Report confirms what we’ve been saying: The rich aren’t just fueling inequality, they’re fueling the climate crisis. 💰The top 1% cause 41% of emissions through their investments. 🌡️Their wealth is literally heating the planet. https://lnkd.in/e9MxeZri 

Extreme wealth isn’t a sign of success—it’s a result of a policy failure. We believe that every billionaire is proof that our economy is rigged to reward wealth over work. For last week's Closer Look, we explain how we got here and what we can do to fix it. https://lnkd.in/e_SfZzD3 

Raising taxes on the wealthy won’t drive millionaires out of New York—it will help keep the city livable for everyone. Our Chair, and proud New Yorker, Morris Pearl explains why he’s willing to pay more in taxes so everyone can afford to live and enjoy all that New York City has to offer.

When Republican political committees spend money at President Trump's personal properties, that money goes into his personal bank account. This is the kind of concentration wealth and political power we advocate against. As Patriotic Millionaire Drew Pomerance phrased it: This is "Another example of a complete lack of concern for ethics and doing the right thing." Story by Dave Levinthal for NOTUS: https://lnkd.in/emN26cKU

Our member Scott Ellis says what too few are willing to: when wealth becomes power, democracy suffers. In his TIME op-ed, he argues that taxing excessive wealth isn’t about punishing ambition, it’s about protecting democracy & giving everyone a fair shot. https://lnkd.in/e8bUUHPk 

"What the heiress and the farmer share is the quaint idea of evidence-based, common-sense policies, and investments that, like highways and schools, create paths to success for as many people as possible. The yardstick is simple: What’s best for America?" And for Abigail Disney and the rest of our members, it's the ultra-rich like them paying their fair share of taxes. The latest by Jill Lawrence for the The Bulwark: https://lnkd.in/eF5rBEaw

In his new TIME op-ed, our member Scott Ellis lays out how excessive wealth is warping democracy and how we can fix it by taxing the ultra rich and investing in shared prosperity. Read more ⬇️ https://lnkd.in/e8bUUHPk