83 millionaires want to be taxed more to aid COVID-19 recovery

Film director Richard Curtis is among 83 millionaires who are demanding to be “immediately, substantially and permanently” taxed more to help boost the economic recovery from coronavirus.

Curtis, 63, behind hits such as Love Actually and Four Weddings and a Funeral, is reported to be worth almost £24m.

He is part of a group called Millionaires for Humanity, which has signed an open letter urging governments across the globe to make millionaires contribute more financially.

Disney heir Abigail Disney and Ben and Jerry’s co-founder Jerry Greenfield are also involved.

They all say raising taxes on the wealthy is the “only choice”, and that “humanity is more important than our money”.

Image: Disney heir Abigail Disney has signed the open letter

There are 46.8m millionaires worldwide, according to a recent report by financial services company Credit Suisse, and they own nearly half of the world’s global wealth.

Millionaires for Humanity says the problems caused by coronavirus “can’t be solved with charity, no matter how generous”.

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They added: “Government leaders must take the responsibility for raising the funds we need and spending them fairly.

“We can ensure we adequately fund our health systems, schools, and security through a permanent tax increase on the wealthiest people on the planet, people like us.

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“We owe a huge debt to the people working on the front lines of this global battle. Most essential workers are grossly underpaid for the burden they carry.

“At the vanguard of this fight are our health care workers, 70% cent of whom are women.”

Some of the world’s super-rich have already donated money to help in the economic fight against the virus, including Microsoft founder Bill Gates and Twitter founder Jack Dorsey.

Source : Sky News