Nearly 400Maires and billionaires call for higher taxes on super-rich
13 days ago
- #taxation
- #political influence
- #wealth inequality
- Nearly 400 millionaires and billionaires from 24 countries urge global leaders to increase taxes on the super-rich.
- Concerns raised about the wealthy buying political influence, deepening social exclusion, and fueling climate emergencies.
- An open letter signed by notable figures like Mark Ruffalo, Brian Eno, and Abigail Disney highlights these issues.
- Extreme wealth is seen as a threat to democracy, with 77% of G20 millionaires believing it buys political influence.
- A poll shows 60% of respondents see extreme wealth as a threat to democracy, with two-thirds supporting higher taxes on the super-rich.
- Oxfam reports a record number of billionaires in 2023, with the richest 1% owning three times the world's total public wealth.
- Calls for governments to implement taxes on the super-rich and prioritize reducing inequality.