'Over 150 millionaires delivered a statement to the World Economic Forum, calling on Davos attendees to take on wealth inequality.'
by the Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and the Patriotic Millionaires found that an annual wealth tax starting at just 2 percent for those with more than $5 million, 3 percent for those with over $50 million, and up to 5 percent for billionaires could generate upwards of $2.52 trillion a year. That's enough to lift 2.
"The truth is that 'Davos' doesn't deserve the world's trust right now," the statement reads."For all the countless hours spent talking about making the world a better place, the conference has produced little tangible value amidst a torrent of self-congratulations." "Until participants acknowledge the simple, effective solution staring them in the face—taxing the rich—the people of the world will continue to see their so-called dedication to fixing the world's problems as little more than a performance."
The letter is signed by actor and activist Mark Ruffalo, as well as supporters of the In Tax We Trust movement including Abigail Disney, Morris Pearl, and Nick Hanauer. These
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