Wealthy Americans Volunteering to Pay Higher Taxes

Here’s a refreshing change of pace: Wealthy people stepping forward and volunteering to pay higher taxes. Wealth for the Common Good is a new network of high-income people who say paying higher taxes is only fair, network coordinator Chuck Collins writes in Yes! The organization went public at the end of July with a petition to revoke Bush-era tax cuts for households making over $235,000.

In addition to changing public policy, Wealth for the Common Good also wants to change the national conversation–and bust some myths of about how people accumulate wealth in America. The story of the hardworking, self-reliant American omits the cost of public benefits (such as public education), as well as overlooks the ways that policies and social circumstances favor some people while hampering others.

Source: Yes!

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