“Let us pay more taxes!” The appeal of the billionaires of the world

A group of over 100 billionaires and millionaires has appealed to political leaders gathered online for the World Economic Forum: let us pay more tax!

The group that calls itself “Patriotic Millionaires” (Patriotic millionaires) said the ultra-rich are not currently being forced to pay their share for the global economic recovery from the pandemic.

As millionaires, we know that the current tax system is not fair. Most of us can tell that while the world has gone through an immense amount of suffering in the past couple of years, we have actually seen our wealth increase during the pandemic – yet few or none of us can honestly say that we pay our fair share of taxes “, the signatories stated in an open letter, published on the occasion of the “Virtual Davos” of the World Economic Forum, which began on January 17.

Over the two years of the pandemic, the fortunes of the world’s 10 richest men soared to $ 1.5 trillion – or $ 15,000 per second, according to a recent Oxfam study.

“You will not find the answer in a private forum … you are part of the problem!” It is the message sent to the Davos participants that can be read in the letter between the signatories, the heiress Abigail Disney and the venture capitalist Nick Hanauer.

A spokesperson for the World Economic Forum he said that a fair share of taxes is one of the principles of the forum and a wealth tax – as it exists in Switzerland, where the organization is based – could be a good model to replicate elsewhere.

According to a study conducted by Patriotic Millionaires Together with Oxfam and other nonprofits, a progressive wealth tax that starts at 2% for those with more than $ 5 million and goes up to 5% for billionaires could raise $ 2.52 trillion, quite globally. to lift 2.3 billion people out of poverty and ensure health care and social protection for people living in low-income countries.

At this link the complete letter, in English

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Source: Il Blog di Beppe Grillo by beppegrillo.it.

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