'Until Davos attendees start talking about taxing the rich, the entire gathering will remain a very public example of how out of touch they really are.'
, which was hand-delivered to World Economic Forum attendees. "Rising poverty and widening wealth inequality; the rise of anti-democratic nationalism; extreme weather and ecological decline; deep vulnerabilities in our shared social systems; and the shrinking opportunity for billions of ordinary people to earn a livable wage."
The analysis estimated that "an annual progressive wealth tax of 2% for those who have a net wealth of $5 million or more, 3% for $50 million or more, and 5% for those with more than $1 billion" would have produced $1.7 trillion in revenue in 2022 alone, a sum that could be used to fund critical anti-poverty, climate, and healthcare initiatives.
Abigail Disney, a documentary filmmaker and member of the Patriotic Millionaires, said Tuesday that she has "been to Davos" and "sat in the same room with some of the richest and most powerful people in the world as they talk about how they can make a difference, so I can say this with firsthand experience—Davos is a farce."
"They refuse to accept an obvious truth—the cause of inequality is the rich getting richer and richer without paying any taxes," Pearl added. "If the world leaders and billionaires at Davos want the world to start taking them seriously, they need to earn that respect. That starts with taking inequality seriously, and taxing the rich."We are living in an age of extremes.
The solution is plain for all to see. You, our global representatives, have to tax us, the ultra-rich, and you have to start now.
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