"Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes on the super-rich, amid growing concern that the wealthiest in society are buying political influence. An open letter, released to coincide with the World Economic Forum in Davos, calls on global leaders attending this week's conference to close the widening gap between the super-rich and everyone else."
"According to Forbes, Donald Trump assembled the richest cabinet in US history last year after being re-elected as president, with an estimated joint worth last August of $7.5bn (5.6bn). A poll conducted for the Patriotic Millionaires group, who campaign for higher taxes on the super-rich, found that 77% of millionaires from G20 countries think extremely wealthy individuals buy political influence."
Nearly 400 millionaires and billionaires from 24 countries call for global leaders at the World Economic Forum in Davos to raise taxes on the super-rich to close widening inequality. The statement, signed by public figures including Mark Ruffalo, Brian Eno and Abigail Disney, asserts that extreme wealth is polluting politics, driving social exclusion and fuelling the climate emergency. The statement accuses a small group of oligarchs of capturing democracies, governments, media and technology, and of worsening poverty and environmental breakdown. Forbes reporting cites a notably wealthy US cabinet, and a Patriotic Millionaires poll found 77% believe the extremely wealthy buy political influence.
Read at www.theguardian.com
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