Millionaires for Humanity (MFH) is an international organisation of wealthy people who campaign for a wealth tax. It is supported by a number of organisations, including Oxfam, Patriotic Millionaires and Tax Justice UK.[1]
Notable signatories include Abigail Disney, Jerry Greenfield, Richard Curtis and Gary Stevenson.[2]
History
editMany of the members of Millionaires for Humanity had signed an open letter to the World Economic Forum in January 2020, under the name Millionaires Against Pitchforks, arguing that if a higher wealth tax were not instituted, people would revolt to take the money off them.[2][3]
In July 2020 MFH signed a letter asking their governments to make the wealthy pay more tax, stating that "as Covid-19 strikes, millionaires like us have a crucial role to play in healing the world", and that issues of inequalty in the world cannot be solved through charity "no matter how generous".[2]
MFH endorsed an open letter named "The Cost of Extreme Wealth" by Patriotic Millionaires in January 2023, which called on the WEF to "tax the ultra rich and do it now".[4]
In September 2023, MFH worked with Patriotic Millionaires, the Institute for Policy Studies, Earth4All and Oxfam to pen another open letter to the G20 before its 2023 G20 New Delhi summit. The letter argued that urgent action would be needed to prevent extreme wealth "corroding our collective future" and that a wealth tax would decrease "dangerous levels of inequality."[5]
References
edit- ^ Togoh, Isabel. "'Please Tax Us': Dozens Of Millionaires Urge Governments To Tax The Rich To Pay For Coronavirus Impact". Forbes. Retrieved 2024-03-18.
- ^ a b c Shrimsley, Robert (2020-07-15). "Never fear, Millionaires for Humanity are here". Financial Times. Retrieved 2024-03-03.
- ^ Kraaijenbrink, Jeroen. "Against Inequality: Why These 169 Millionaires Ask Governments For $8 Trillion More Taxes". Forbes. Retrieved 2024-03-03.
- ^ Iordache, Ruxandra (2023-01-18). "Over 200 millionaires urge Davos elite to up taxes on the ultra-rich". CNBC. Retrieved 2024-03-03.
- ^ Elliott, Larry (2023-09-05). "G20 must forge agreement to increase tax on rich, say campaigners". The Guardian. ISSN 0261-3077. Retrieved 2024-03-03.