US Edition400 Millionaires Urge Higher Taxes on Ultra-Wealthy
Close to 400 wealthy signatories say taxing the ultra-rich is essential to combat political influence, inequality, and climate crisis, with 65% supporting higher taxes, Oxfam reported.
- Hundreds of millionaires and billionaires wrote an open letter urging leaders at the World Economic Forum to address wealth inequality through higher taxes on the ultra-wealthy.
- The letter states, "Millionaires like us refuse to be silent. Tax us and make sure the next fifty years meet the promise of progress for everyone."
- Wealth redistribution organizations, including Patriotic Millionaires and Oxfam, are part of the campaign called "Time to Win."
- The signatories demand action, stating, "Tax us. As millionaires who stand shoulder to shoulder with all people, we demand it.
47 Articles
47 Articles
More than a decade ago, legendary investor Warren Buffett complained that he was paying “a lower tax rate than my secretary’s.” The years have passed and the debate on tax inequality has now finally arrived at the headlines or in any case at the table of the powerful of the Davos Economic Forum.Continue reading...
What’s missing from the Davos agenda: taxing the rich
This week, as government leaders, business executives, and heads of state gathered in Davos at the annual World Economic Forum meeting to discuss what they view as the most pressing issues facing our world. But perhaps the most pressing issue, extreme wealth inequality, was completely off the agenda.
In a joint letter, more than 200 millionaires and billionaires demand higher taxes on huge assets. They see democracy in danger.
The letter of appeal to Davos signed by almost 400 millionaires and billionaires from 24 countries. The conviction that extreme wealth can be used to condition the elections. Among the signatories to the appeal Ruffalo, Cox, Eno and Disney
It sounds strange at first: rich people demand more taxes for rich people. But behind that is the fear for democracy – politics should act immediately.
In an open letter, they attack billionaires for amassing ever-increasing wealth, which they use to gain ever-increasing political influence.
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