News - Responsible Wealth

Responsible Wealth Members Call B.S. on Bachmann

August 28, 2011 — Maz
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In response to Warren Buffett's demand that the U.S. government "stop coddling the super-rich" with low tax rates, Rep. Michelle "Who Needs Facts?" Bachmann proposed that Buffett simply "write a big check." Responsible Wealth members and UFE's Lee Farris blasted down Bachmann's argument, revealing her tax naiveté in the process.

What You Probably Have in Common with Matt Damon

August 18, 2011 — Maz
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Matt Damon might be a super-rich movie stud, but it appears we've got plenty in common when it comes to taxes. This summer, Damon attended a "Save Our Schools" rally in D.C. to show solidarity with public school teachers and to demand an end to the conservative political crusade against them. To our delight, he also took a moment to share his views on taxes vis-á-vis the wealthy. 

"Tax Us? Go for it," say these rich people

August 16, 2011 — Maz
image h/t AMNY

As a phenomenally wealthy individual, Warren Buffett feels "coddled" by the U.S. government, which has for decades asked him to pay less and less into public coffers. His recent New York Times op-ed was a brazen call for Congress to raise taxes on richest people in the U.S. Buffett's not-so-wild sentiment received due support from members of UFE's Responsible Wealth project (RW).

RW Member Shows Support for Buffett on SoCal Radio

August 15, 2011 — Maz
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RW director Mike Lapham and businessman/RW member Jim Mann were invited onto SoCal public radio to combat baseless arguments from the economics naysayers of Americans for Tax Reform (ATR). The pair added yet more legs to the Buffett argument for higher taxes on the wealthy. Mann also noted that historically high economic inequality must be strongly considered as we move forward.

Listen here:

Rebuilding the Dream with Fair Taxes

August 10, 2011 — Lee Farris
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Read UFE's tax fact sheet for the Rebuild the Dream coalition, led by MoveOn.org in partnership with more than 80 organizations and over 160,000 individuals committed to advancing one simple ideal: liberty and justice for all. The coalition's "Contract for the American Dream" includes 10 critical steps for getting the economy back on track. This fact sheet details one of those steps.

Where Do Corporate Tax Breaks Go?

August 1, 2011 — Adam Katz
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Where Do Corporate Tax Breaks Go?

August 1, 2011 — Adam Katz
See video

Where Do Corporate Tax Breaks Go?

August 1, 2011 — Adam Katz
See video

AUDIO: Debt Debate Not a Debate At All

July 29, 2011 — Maz
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UFE's Tim Sullivan joined Andrea Sears on WBAI Pacifica Radio New York to make it clear that the debt standoff in Washington, D.C. has become an exercise in political posturing and brinksmanship, rather than public service.

Sears refers to UFE's recent blog post, "7 Questions on the Debt that Politicians Don't Want Us to Ask," in which we compare various spending priorities to emphasize what Republicans' "no new taxes" approach could mean for ordinary families, and expresses confusion over the focus of the debate in Washington:

"These are things that are not being discussed in Washington. I'm just baffled by this. The country is in terrible shape right now, economically, and yet the debate in Washington is restricted to sloganeering: no new taxes, don't tax the job creators, who haven't created a job since Reagan."

Click here to listen to the interview. (Forward to 6:40 for the interview with Tim Sullivan.)

Seattle RW member Speaks Up on Debt Debate

July 28, 2011 — Maz
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Tracy Lake can't believe that anyone would be willing to risk the U.S. credit rating.

TRACY LAKE: It's probably the most valued asset we have in a global economy, is the faith in credit of our ability to pay something back. And the fact that we've already purchased goods and services, and now we're deciding whether or not we're going to pay for them is just plain wrong.

KASTE: Lake is a real estate developer and she's worried that a downgrade would raise interest rates and make it harder to get the loans she needs to run her business. Like Carender, she's politically active but she's part of Responsible Wealth, an organization of well-to-do types that want to pay higher taxes.

LAKE: The only right and moral thing is to tax the wealthy, wealthier part of our population.

KASTE: Be completely honest. If you had to pay a higher tax rate, wouldn't that suppress you're productivity as a company, or your ability to employ people?

LAKE: Yes, it would. But I look at it this way: I am where I am because of opportunities afforded me because of our economic structure, because of our culture, because of the freedom and access to education. Wealthy Americans owe this due bill back to our country for the opportunity to earn great sums of money.

Listen to the story and read the full transcript on NPR.org

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