From Market Briefs
"150 millionaires want to pay more in taxes and completely overhaul every world government's tax code.
More taxes? A group called the “Patriotic Millionaires” believes current tax methods only make the rich, richer, and wealth inequality worse around the world.
• The group publicly supported taxing the wealthy more during this year’s World Economic Forum.
Every 30 hours, someone new was added to the world’s billionaire list in 2020 and 2021.
• This year, 1 million people could fall into poverty at the same rate.
Some organizations have proposed raising global corporate taxes to 25% and the U.S. capital gains tax to almost 30%, which could produce an additional $20 billion in yearly global tax revenue."
Okay, what is really going on here?
Why would these millionaires' do that?
What are they really up too?
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