Add thelocalreport.in As A Trusted Source
hundreds millionaire and billionaire Signed an open letter demanding more tax The super-rich believe global oligarchs have “taken over our governments”, “exacerbated poverty” and “accelerated the collapse of our planet”.
The statement was signed by luminaries including Oka-nominated actors Mark Ruffalo and musicians Brian Eno, warns that extremely wealthy people are having a negative impact on the world.
its time with world economic forum exist Switzerland Politicians and business people gather for the Davos conference. More than 3,000 people, including a record 60 world leaders, gathered in the Swiss Alps town this week to discuss business deals and politics.
Stressing that there are reports that the richest 1% own more than 95% of the rest of the world’s population combined, Letter calls on global leaders to close growing gap.
“A few global oligarch Extreme wealth has bought our democracies; taken over our governments; restricted the freedom of our media; suppressed technology and innovation; increased poverty and social exclusion; and hastened the collapse of our planet,” it states.
this It’s time to win the eventorganized by Patriotic Millionaires, Humanitarian Millionaires and Oxfam, There is a simple forum message;The richest people need to pay more.
US President Donald Trump’s attendance has been in the spotlight as he threatens to seize the Danish territory of Greenland and impose tariffs on allies who do not support him.
Trump, a billionaire, assembled the richest cabinet in U.S. history during his second term. According to Forbes, their combined net worth last year was $7.5 billion.
The US president also has the support of Elon Musk, the world’s richest man, who oversaw the cost-cutting DOGE unit early in Trump’s second term.
The campaign did not name names but raised concerns that the undue influence of society’s wealthiest people is setting the world on an “obscene trajectory”.
“The growth in billionaire wealth last year was unprecedented,” said Amitabh Behar, executive director of Oxfam International. “The super-rich have been given complete freedom. It is incomprehensible that the richest 1% now own three times the world’s total public wealth.”
“This is a stark indictment of how absurd the gulf between oligarchs and everyone else now is. Governments must now tax the super-rich and prioritize reducing inequality. The world cannot continue on this sordid trajectory.”
Read the full statement below:
Davos attendees – it’s time we win together.
Fifty-five years ago, when the World Economic Forum first convened, humanity was at the dawn of remarkable progress. Over the past fifty years, we have made giant leaps in technology, medicine, communications and global trade, creating huge potential opportunities for humanity.
Today, we are more connected than ever, but at the same time, we have never been more divided. Decades of innovation go hand in hand with decades of inequality, environmental destruction and wasted opportunity. The richest 1% now own over 95% of the world’s population.
The gap between the super-rich and everyone else is widening, spanning communities, countries and, perhaps most importantly, generations. A handful of global oligarchs with vast wealth have bought our democracies; taken over our governments; restricted the freedom of our media; suppressed technology and innovation; increased poverty and social exclusion; and hastened the collapse of our planet. What we hold dear, rich and poor alike, is being eroded by those bent on widening the gulf between their immense power and everyone else.
We all know this. When even millionaires like us realize that extreme wealth has cost everyone else, there is no doubt that society is teetering dangerously.
We are exhausted watching this happen. We want democracy restored. We want our community back. We want our future back.
In 2026, we must do more than just hope for the future we want. We must win.
You’ve got a simple yet effective solution that’s backed by millionaires and the public alike. Stop wasting our time – tax the super rich.
As millionaires who stand side by side with everyone, we demand this. As our elected representatives – whether in Davos, local councillors, mayors or regional leaders – you have a responsibility to make this happen. So tax us. Tax the super rich.
We can take back power from those who seize it; take back our democracy from those who abuse it; and take back health, education and safe homes from those who have bottomed out our infrastructure and public services. We can win back our collective wealth.
Extreme wealth leads to extreme control over those who gamble with our secure future for ill-gotten gains. Now is the time to end this control and win back our future.
Millionaires like us refuse to remain silent. It’s time to settle accounts. Tax us to ensure the next fifty years deliver on the promise of progress for everyone.