‘Take Our Money, Please’: 400 Millionaires And Billionaires Say They Need To Be Taxed More A group of over 400 millionaires and billionaires from 24 countries has signed an open letter to world leaders at the World Economic Forum, requesting higher taxes on the wealthy. They argue that decades of innovation have coincided with rising inequality, environmental destruction, and wasted opportunities, with the richest 1% now owning a disproportionate amount of global wealth. The signatories believe that extreme wealth concentrates power, damages democracy, and negatively impacts society, advocating for tax increases to fund public services and create a more equitable society.

• Over 400 millionaires and billionaires have signed an open letter to world leaders at the World Economic Forum.
• They are requesting higher taxes on themselves and the wealthy to address global inequality and environmental issues.
• The letter highlights that decades of innovation have been accompanied by increased inequality and environmental destruction.
• Signatories believe extreme wealth is a threat to democracy and social well-being.
• A survey of wealthy individuals in G20 countries indicated a concern about extreme wealth’s impact on democracy and support for higher taxes on the super-rich.