Some of the country’s richest people are asking President Obama to raise their taxes. More than 40 millionaires have signed onto a group called “Patriotic Millionaires for Fiscal Strength,” advocating a rollback of the Bush tax cuts for anyone earning more than $1 million a year. “We are writing to urge you to stand firm against those who would put politics ahead of their country,” they write in an open letter on the website they launched today.
“We have done very well over the last several years,” they continue. “Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts.” The group was hastily pulled together by the Agenda Project (best known for its 'f*ck tea' campaign), according to Joe Conason of Salon. Predictably, not every fat cat they approached wanted in. “Anyone who has money is made to feel that they’re bad,” complained one, while another dismissed the tax cuts as “small potatoes.” (More Patriotic Millionaires for Fiscal Strength stories.)