A wealth tax would be an instrument for economic growth and success – public investment, innovation, and job creation
Louise J. Bowditch et al. 19 -- Louise J. Bowditch is a Trustee at the University of New England; Robert S. Bowditch is a founder and trustee of the Blossom Fund; Abigail Disney is a philanthropist and activist; Sean Eldridge is a political activist; Stephen R. English is a founding co-director of Advancement Project; Agnes Gund is an philanthropist; Catherine Gund director and founder of Aubin Pictures; Nick Hanauer is an American entrepreneur and venture capitalist; Arnold Hiatt is a businessman and president of The Stride Rite Corp.; Chris Hughes is an American entrepreneur; Molly Munger is co-founder of The Advancement Project; Regan Pritzker is the co-founder of Kataly Foundation; Justin Rosenstein is an American software programmer and entrepreneur; Stephen M.Silberstein is a co-founder of Innovative Interfaces; Ian T. Simmons is co-founder of Blue Haven Initiative; Liesel Pritzker Simmons is co-founder of Blue Haven Intitiative; Alexander Soros is chair of the Board of Directors at Open Society Foundations; George Soros is a businessman and philanthropist; Anonymous (“A Call To Action: A Letter in Support of a Wealth Tax”, New York Times, 06-24-2019, https://int.nyt.com/data/documenthelper/1342-wealthtaxletter-june2019/1852b1968e8e0d52b1a0/optimized/full.pdf, Date Accessed 7-7-2023) //TCM
A Wealth Tax Is an Economic Winner for America. It would be a powerful instrument for greater economic growth and success. Reinvested both across America and among those less wealthy than ourselves, a wealth tax would extend prosperity. Along with resources for climate crisis investments, America needs a revenue source for other public investments in addition to private investment and philanthropy. Greater public investment in America’s aging infrastructure, child care, and education will not only solve important problems but will also increase productivity in the long run and promote sustained and broad-based economic growth.” Easing student debt would boost entrepreneurship and homeownership rates, which have significantly declined as the costs of higher education have skyrocketed." A wealth tax could help with innovation and job creation—America’s entrepreneurial economy, despite its many successes, needs strengthening.” Put simply, a wealth tax would strengthen the American economy in ways that benefit all Americans.