`We Are Part of the Problem,' Ultra-Rich Seeking Wealth Tax Say
- Letter calls on presidential candidates to embrace higher levy
- Proposal could generate $3 trillion of revenue in 10 years
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They’re an eclectic bunch -- some of the nation’s most privileged heirs alongside entrepreneurs who have made spectacular fortunes in real estate, finance and Silicon Valley. But collectively they’re united on the need to tax more of the richest Americans’ assets.
George Soros, heiresses to the Pritzker fortune, Abigail Disney and Facebook Inc. co-founder Chris Hughes are among those calling for a wealth tax to help address income inequality and provide funding for climate change and public health initiatives.