More than 200 billionaires and millionaires are asking the world's governments to tax them more so they can help poor people
More than 200 billionaires and multi-millionaires from around the world demand, in a letter addressed to leaders present at the World Economic Forum in Davos, that part of the wealth of the "ultra-rich" be taxed and the money be distributed to the billions of people who live in poverty, writes The Guardian. According to the Oxfam report, one percent of the richest people on the planet own 63 percent of all global earnings.
According to The Guardian, the list of 205 signatories of the letter includes Abigail Disney, the heiress of one of the largest film production companies in the world, and the American actor Mark Ruffalo.
The letter was signed by billionaires and millionaires from 13 countries. According to it, the 205 businessmen declare that now is the time for the states of the world to deal with the ultra-rich people to tax them and take a part of their wealth. The signatories, who call themselves "millionaire patriots" warn that there will be consequences of social order if the world's rich are not taxed extra. The signatories of the letter are unhappy that some of the world's children are hungry, while the ultra-rich sit back and watch their wealth grow.
The document comes shortly after a report by Oxfam, a UK-based confederation of 21 independent charities focused on alleviating global poverty, showed that the world's richest people have amassed $26 trillion since the end of 2021.
This amount belongs only to those in the top 1 percent of the richest people on the planet, who represent 63 percent of the total global earnings. According to Oxfam, a 5 percent tax on the wealth of the world's billionaires and multimillionaires could raise $1.7 trillion a year, enough to lift two billion people out of extreme poverty and hunger.
