THE WEALTHIEST WANT TO BE TAXED.
There are more than 500,000 people in the world classed as “ultra-wealthy” with fortunes of more than $30m (£26.5m). That means there are more ultra-wealthy people around the world than the populations of Iceland, Malta or Belize.
Sir Stephen Tindall, the founder of the Warehouse Group and New Zealand’s second richest man with a $475m (£370m) fortune; the British screenwriter and director Richard Curtis; and the Irish venture capitalist John O’Farrell, who made millions investing in Silicon Valley tech companies.
“The problems caused by, and revealed by, Covid-19 can’t be solved with charity, no matter how generous. Government leaders must take the responsibility for raising the funds we need and spending them fairly,” the letter says. “We owe a huge debt to the people working on the frontlines of this global battle. Most essential workers are grossly underpaid for the burden they carry.”
Universal basic income cause gets $3 million boost from Jack Dorsey
starting in cities such as Los Angeles; Tacoma, Washington; Atlanta; and Pittsburgh.
Jack Dorsey, the billionaire co-founder of Twitter, is donating $3 million to help fund a group of guaranteed income pilot programs that will put cash directly in the hands of Americans who need it the most in more than a dozen cities across the United States.
Mayors for a Guaranteed Income (MGI), a new coalition of 15 mayors across the country who want to explore the idea of universal basic income — a recurring payment to residents — in their cities. The coalition was created on June 29 by Michael Tubbs, the 29 year-old mayor of Stockton, California, who has been running a guaranteed income pilot program in his city since the winter of 2018.
“Mayors are the moral leaders of the country,” Tubbs says in an interview with Forbes. “They’re on the frontlines dealing with, responding to and working for constituents each and every day. Given Covid-19 and the need for regular ongoing cash assistance, and also the protests on not just police violence but structural violence in the city, I knew it was time to leverage what we’ve learned in Stockton and create a network of mayors and advocate with a collective voice for guaranteed cash payments.”