Wealth for the Common Good

Wealth for the Common Good is a network of business leaders, high-income individuals and partners working together to promote shared prosperity and fair taxation. We are “the 1 percent” that wants an economy that works for everyone. Our membership includes entrepreneurs, doctors, lawyers, school teachers, engineers and elected officials of all backgrounds and from all over the country. –
See more at: http://wealthforcommongood.org/

Myth That Just Won’t Die: Tax cuts create jobs

According to Wealth for the Common Good — a patriotic group of high net worth individuals advocating for a fair tax system, if millionaire households paid federal income taxes at the same rate today as they did 50 years ago, we could reduce the national debt by $230 billion, or refurbish hundreds of dilapidated schools, or hire back thousands of policemen, or patch miles of potholes. If corporations paid at the same tax rate as they did 50 years ago, add another $485 billion (total: $715 billion) for job creation.

America’s tax code is unfair, unwise, unreasonable and unsound. You pay more so the über-wealthy can pay less — a weird kind of socialism for the rich.

Wealth for the Common Good: Taxing High-Income America

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Lisa Renstrom, used to manage hotels inherited from her father, a prosperous Republican businessman. Now she campaigns on climate change and backs Wealth for the Common Good, a group of rich people who back Occupy Wall Street. Her father used to give his occupation as “capitalist”. “I grew up believing that [capitalists] were making the world a better place,” she says. “The capitalism we have has left us with degraded infrastructure, threats to our health, and global warming.”

“Patriotic Millionaires”: Raise our taxes, please!
“For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you increase taxes on incomes over $1,000,000,” the group writes in a new letter to Obama, Harry Reid, and John Boehner.


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