Almost 400 millionaires and billionaires call for higher taxes on super-rich | First Thing

Nearly 400 millionaires and billionaires from 24 countries, including Mark Ruffalo, Brian Eno, and Abigail Disney, have signed a letter urging global leaders to raise taxes on the super-rich. The letter, released to coincide with the World Economic Forum in Davos, expresses concern that extreme wealth is being used to buy political influence, undermine democracies, and exacerbate global issues. The signatories believe higher taxes on the wealthiest individuals are necessary to address these problems. Donald Trump is scheduled to speak at the Davos conference, where he is expected to address affordability and potentially international relations. The situation is still developing, and updates are being provided via live blog.