People

Tax the ultra-rich more, says Soros-led billionaires’ group

‘We’ll be fine — taking on this tax is the least we can do to strengthen the country we love,’ group says

Financier and philanthropist George Soros
Financier and philanthropist George Soros Photo: Getty Images

Taxing the richest of the rich will benefit all Americans, a group of the wealthiest Americans says in an open letter to the 2020 presidential candidates.

In a Medium blog post published Sunday, the group of 18 ultra-rich individuals — including George Soros, Facebook co-founder Chris Hughes, heiress Abigail Disney and Molly Munger (the daughter of Berkshire Hathaway’s Charlie) — argue that taxing the richest 1/10 of the richest 1% of Americans is not only fair, it’s vital.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line