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Key Words: Tax the ultra-rich more, George Soros and 17 other American billionaires urge

“America has a moral, ethical and economic responsibility to tax our wealth more.”

Taxing the richest of the rich will benefit all Americans, a group of the wealthiest Americans says in an open letter to the 2020 presidential candidates.

In a Medium blog post published Sunday, the group of 18 ultra-rich individuals — including George Soros, Facebook Inc. FB, +0.76% co-founder Chris Hughes, heiress Abigail Disney and Molly Munger (the daughter of Berkshire Hathaway’s BRK.B, +0.31% Charlie) — argue that taxing the richest 1/10 of the richest 1% of Americans is not only fair, it’s vital.

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