The Patriotic Millionaires believe that our citizens deserve to have a tax code that does what it’s supposed to do – pays for what we need and shares those costs fairly. Like most decent Americans, we want a tax code that will build the middle class, create good jobs, grow the economy, reward productive citizens and companies, and invest in our future.
But not every millionaire wants that kind of tax code.
The Other Millionaires want to live in a country with a tiny number of rich people, millions of poor people and no middle class. Unlike *those* millionaires, we don’t want to expense our private jets, pretend to be an Irish company to avoid taxes, or hide our money in a Swiss bank account. And we sure as hell don’t want to pay lower tax rates than the people who work for us.
And it’s not because we are nice or good or altruistic, by the way. We are just as greedy as the Other Millionaires, we’re just greedy for a different kind of country than they are.
We want to live in a country where hard work is rewarded. Where good businesses thrive. Where people feel safe in their neighborhoods. Where parents can see a clear path to a bright future for their kids.
We want to live in a country that has a basic sense of fairness, and where millionaires don’t get special treatment just because they’re rich. The Other Millionaires? They want special treatment. They think they deserve special treatment. They puff up their chests, call themselves “Job Creators” and insist the economy will collapse if (god forbid!) they are asked to pay a single penny more in taxes.
Millionaires put their pants on one leg at a time, just like everyone else. Consumer demand is the only real “job creator.” And nothing is going to collapse if millionaires pay their fair share (except for possibly an over-inflated ego or two).
When millionaires get a tax cut, the middle class pays.
Tax the Rich. Save America. Yes, it really is that simple.
THE PATRIOTIC MILLIONAIRES
Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system:
- All citizens should enjoy political power equal to that enjoyed by millionaires;
- All citizens who work full time should be able to afford their basic needs;
- Tax receipts from millionaires, billionaires and corporations should make up a greater proportion of federal tax receipts.
The group first came together in 2010 to demand an end to the Bush tax cuts for millionaires, instantly sparking the public’s attention. Overnight, the group became a media sensation, and we’ve built on that momentum ever since. Over the last decade, the group has generated hundreds of millions of dollars’ worth of media attention, appearing on outlets from the New York Times to MSNBC to NPR; from the cover of the New Yorker to USA Today. The Patriotic Millionaires’ reach is so vast that our work has been featured in over 75 countries in the last year alone, in major outlets such as BBC, Deutsche Welle, and CBC.
The group is chaired by Morris Pearl, a former Blackrock executive who retired after a long career on Wall Street to work with the Patriotic Millionaires full time. Patriotic Millionaires members include investors and business owners from across the country engaged in a wide array of industries. Our members include: filmmaker Abigail Disney; technologist Steve Silberstein; lawyer Roberta Kaplan; investor Lawrence Benenson of Benenson Capital Partners; textile entrepreneur Great Neck Richman; philanthropist Molly Munger; corrugated cardboard magnate Dennis Mehiel among many others.
In addition to driving the public narrative, the Patriotic Millionaires have met privately with hundreds of elected leaders from both parties. We have testified in front of lawmakers at the local, state, and federal levels on issues from minimum wage to campaign finance to tax policy. We had the honor of joining President Obama in the White House in 2012 for his Tax Day address and in 2014 for the signing of the Executive Order raising wages for federal contract employees.
The Patriotic Millionaires’ forthcoming book Tax the Rich: How Lies, Loopholes, and Lobbyists Make the Rich Even Richer and What to Do About It, set to be published by The New Press in April 2021, explores how the rich and powerful rig the country’s economy and political system in their favor through manipulating the tax code. Our book Re-Negotiating Power and Money in America outlines the group’s core values and suggests specific pieces of legislation to advance those values. Our book How To Think Like A Patriotic Millionaire: Taxes dives into how the tax code, particularly Donald Trump and the Republican party rewrote it in the 2017 Tax Cuts and Jobs Act, offers disproportionate advantages to millionaires, billionaires, and corporations. Here is a link to our brochure.