A group of US billionaires including hedge fund manager George Soros and Facebook co-founder Chris Hughes has come out in support of a tax on the super-wealthy, as economic inequality emerges as one of the defining issues of the 2020 election.
Eighteen of the richest Americans published an open letter on Monday morning calling for a “moderate” tax on assets of the wealthiest 0.1 per cent in the US.
“America has a moral, ethical and economic responsibility to tax our wealth more,” they wrote in a post on the Medium website. “A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity and strengthen our democratic freedoms.”
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