Tell the your elected officials to preserve and strengthen the estate tax. In the face of the fiscal cliff, raising more revenue from the estate tax is the best solution to avoid painful cuts. Preserving vital social programs (like Head Start, food stamps, and community development block grants) is more important than tax breaks for the top 0.15% of Americans. But this isn’t just about the dollar figures. It’s about our shared values as a society and the creation of equal opportunities for everyone.
An out-of-context quote from President Obama became the theme of last week's Republican National Convention. In March, UFE published The Self-Made Myth, which contrasts the "self-made myth" with the "built-together reality." So who built it? UFE looked to the stories of successful businesspeople to generate a more meaningful discussion on this issue and its implications on public policy.
Robin Hood and his ragtag crew who took from the rich to give to the poor were simply serving justice in an unfair medieval economy. Today, feudal lords protected by high castle walls do not rule our economy, but we are again living in an age of extreme income and wealth inequality. A Robin Hood-like hero will not rescue us. Together, however, we can achieve truly heroic feats.
This is a critical year for tax fairness. The Bush tax cuts are set to expire at the stroke of midnight on December 31st. We should let them expire—it's one of the only ways to meaningfully address our revenue crisis and make long-overdue investments in our economy. But, it's going to take bold action to ensure Congress and President Obama do the right thing by allowing the Bush tax cuts to expire. Here's how you can help.
UFE and Responsible Wealth have been working on several fronts this month to spread word that the wealthiest Americans need to pay their fair share in taxes. Why? Because they've benefitted the most from our collective investments and should pay it forward so others have the opportunity to do the same. Here are a few highlights of the coverage we've earned through our various efforts.