SIGN THE PETITION It’s outrageous: Elon Musk paid a tax rate of about 3%

 

 

It’s outrageous: Elon Musk paid a tax rate of about 3% while a rice trader in Uganda paid 40%. Inequality is literally killing us -- and it's time for leaders to take action. President Biden has just announced a plan to tax billionaires -- and G20 leaders could take it global! Add your name to the call for the mega-rich to pay what they owe. Once it’s massive, we’ll deliver our voices to leaders ahead of the G20 summit. SIGN THE PETITION Dear friends, In the past few years, the richest 1% of the world have acquired nearly twice as much money as the bottom 99%. While Elon Musk paid a true tax rate of about 3% for years, a rice trader in Uganda paid 40%. She makes US$80 each month -- and Musk is worth US$180 BILLION. There is one clear way to help address this gap -- we must Tax the Rich. And now is our chance. US President Biden just called for a historic tax on billionaires, and with enough public pressure, he could champion the idea at an upcoming meeting of world leaders. A wealth tax of up to 5% on the ultra-rich could raise enough money to lift 2 billion people out of poverty! Let’s gather one million voices demanding G20 governments tax the rich now -- add your name, and Avaaz will deliver our call ahead of the summit, where world leaders can’t miss it! Join the Call to Tax the Mega-Rich Now! There’s a major flaw at the heart of tax systems around the world -- they tax our income but not the whole wealth of the mega-millionaires and billionaires (their investments, stocks, yachts!!). But a wealth tax would force billionaires to pay what they really owe. In 2021, 137 countries agreed to a new global corporate tax that was unthinkable even a few years ago -- but much more is needed, and a billionaire wealth tax is the next step. Spain recently adopted a wealth tax to help people with lower incomes, and President Biden just proposed to tax the wealth of the richest Americans! Now all our governments need to get behind taxing the rich -- and a global movement like Avaaz can help make this happen. G20 countries could agree to this game-changing solution at an upcoming summit -- if they see massive public support for it. Add your name to this growing call, and the Avaaz team will make sure key leaders at the G20 summit hear us. Join the Call to Tax the Mega-Rich Now! We will never stop fighting for the world that most humans aspire to, even if it means daring to face the most powerful. Together, we have challenged the biggest pharmaceutical and tech companies and braved Monsanto. Now we can overcome the influence of the ultra-rich. With hope and determination, Laura, Nell, Antonia, Luis, Alice, Lily, Muriel, Marta, Mélanie, Lilian, Ana Paula and the entire Avaaz team *We use the term “true tax rate” as coined and calculated by ProPublica (2021) to refer to how much is paid in taxes annually in comparison to the estimated growth in wealth during that year. Elon Musk’s true tax rate, based on IRS leaked data, was 3.27% on average between 2014 and 2018. More information: ‘Tax us now’: ultra-rich call on governments to introduce wealth taxes (The Guardian) Survival of the Richest: How we must tax the super-rich now to fight inequality (Oxfam) Why 200 millionaires want higher taxes: Inequality is "eating our world alive" (CBS) The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax (ProPublica)

 

Avaaz is a 70-million-person global campaign network that works to ensure that the views and values of the world's people shape global decision-making. ("Avaaz" means "voice" or "song" in many languages.) Avaaz members live in every nation of the world; our team is spread across 18 countries on 6 continents and operates in 17 languages. Learn about some of Avaaz's biggest campaigns here, or follow us on Facebook, Twitter, or Instagram. You became a member of the Avaaz movement and started receiving these emails when you signed "End. Tax. Havens. NOW!" on 2017-11-09 using the email address amphiktyon@gmail.com. To ensure that Avaaz messages reach your inbox, please add avaaz@avaaz.org to your address book. To change your email address, language settings, or other personal information, contact us, or simply go here to unsubscribe. To contact Avaaz, please do not reply to this email. Instead, write to us at www.avaaz.org/en/contact . 27 Union Square West Suite 500 New York, NY 10003