Nearly 400 millionaires and billionaires call for higher taxes on super-rich

Nearly 400 millionaires and billionaires from 24 countries have signed an open letter urging global leaders at the World Economic Forum in Davos to increase taxes on the super-rich. The signatories, including prominent figures like Mark Ruffalo and Abigail Disney, believe extreme wealth is detrimental to democracy, contributes to social exclusion, and exacerbates the climate crisis. They argue that the super-rich are buying political influence and widening the gap between the wealthy and everyone else. A poll of millionaires in G20 countries revealed that a majority believe the extremely wealthy use their wealth to influence politics and support higher taxes on the super-rich to fund public services. The call comes amid reports of a record number of billionaires being created globally.

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