Opinion

WILFORD: ‘Tax Me More’ Millionaires Don’t Put Their Money Where Their Mouths Are

Joe Raedle/Getty Images

Andrew Wilford Contributor
Font Size:

With Tax Day having come and gone, many Americans just went through the yearly ritual of seeing how much of their hard-earned income just got churned up in the fiscal disposal that is the federal government. With any luck, most did not have any neighbors insufferable enough to complain that they didn’t have to pay more in taxes. Yet that’s what a group of people humbly calling themselves “Patriotic Millionaires” are doing.

You see, they’re “patriotic” because they want to pay more in taxes. Or, rather, they want other people to pay more in taxes — if they themselves wanted to pay more in taxes, Uncle Sam is happy to take whatever they want to send. “Millionaires Who Want to Make Other People Pay More Taxes” just doesn’t have the same sort of self-congratulatory ring to it.

The irony is that these millionaires’ avowed belief that the federal government can do more with their money than they can is undermined by their own actions. After all, many of these Patriotic Millionaires run private charitable foundations — “selfishly” withholding their resources from the federal government so that they can attempt to accomplish good through private organizations.

For example, one of Patriotic Millionaires’ most prominent members, Disney heiress Abigail Disney, runs the Daphne Foundation, an organization which attempts to address the root causes of poverty in New York City. Just think, had the foundation’s $9.3 million in assets been gifted to the federal government last year, that contribution could have funded it for nearly 45 seconds!

Indeed, there’s a reason that the Giving Pledge, a voluntary effort by wealthy individuals to give up the majority of their fortunes either during their lifetimes or in their wills, focuses on charitable gifts, not gifts to the government. If the Patriotic Millionaires thought that their wealth was best served by fattening Uncle Sam’s coffers, they’d propose a Giving Pledge to the federal government. But no one truly believes that the government is the best destination for extra dollars.

And though the Patriotic Millionaires may not ever voluntarily choose to turn their foundations’ wealth over to the federal government, should the government target the wealthy for tax hikes, they may not have a choice. As the National Taxpayers Union Foundation documented over a year ago, some proposals for a wealth tax have left open the door for taxing private foundation wealth as part of an individual’s net worth, a path which would surely diminish the scope of charitable activity in the country.

Patriotic Millionaires also somehow manage to misunderstand how the tax burden is divvied up in the country as of right now. Contrary to popular belief, the Tax Cuts and Jobs Act actually made the tax code more progressive. The most recent tax data tells us that the top 1 percent of income earners pay more than 40% of individual income taxes in the country, despite earning around 21% of all income.

The misplaced sense of selflessness that groups like Patriotic Millionaires get from calling for their fellow Americans to shoulder even more taxes does little but foster more bad policy. Not even the people asking to pay more taxes believe that the federal government can do more with their tax dollars than they can.

Andrew Wilford is a policy analyst with the National Taxpayers Union Foundation, a nonprofit dedicated to tax policy research and education at all levels of government.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel