After transferring over the bulk of his personal wealth to his ‘Open Society’ Foundation – the umbrella organization for a network of dozens of political groups that push Soros’s far-left agenda across the US and Europe, Soros is still comfortable enough to justify giving away even more of his money – this time to the US federal government.
Taking a page out of Warren Buffett’s book, Soros and a group of some 400 other rich Americans – including doctors, lawyers and CEOs – are sending a formal letter to Congress chiding lawmakers for trying to reduce taxes on the richest American families at a time when wealth inequality is rapidly expanding. Instead, the letter asks Congress not to pass any tax bill that ‘further exacerbates inequality’ and adds to the debt (both of the current Republican plans would add $1.5 trillion to the debt over 10 years).
The letter was penned by Responsible Wealth, a group of ‘enlightened’ rich people that includes Ben & Jerry’s Ice Cream founders Ben Cohen and Jerry Greenfield, fashion designer Eileen Fisher and philanthropist Steven Rockefeller, in addition to Soros. Along with the big names are many individuals and couples who rank among the top 5% of Americans (those who have $1.5 million in assets or earn $250,000 or more a year).
In a rebuttal to Congress’s argument that corporate tax cuts will help stimulate growth, the letter argues that corporations are already reaping record profits. Instead of handing more money to the wealthy, the letter’s signers argue the government should use the funds to invest in education, research and roads that benefit everyone, while protecting entitlement programs like Medicaid.
This post was published at Zero Hedge on Nov 14, 2017.