The World Economic Forum in Davos draws an elite crowd that often discusses pressing global issues like climate change, yet rarely acknowledges their role in perpetuating wealth inequality. In an atypical move, a group called Patriotic Millionaires is advocating for higher taxes on the rich, spurred by a poll showing that 63 percent of millionaires view the influence of the wealthy on politics, particularly under Trump, as a threat. Over 370 affluent individuals signed an open letter calling for action against extreme wealth's corrosive effects on democracy and society.
The participation of the super-rich at Davos raises questions about their commitment to addressing global suffering while benefiting from wealth accumulation.
A poll reveals that 63% of millionaires believe the influence of the super-rich during the Trump presidency poses a significant threat to global stability.
More than 370 millionaires signed an open letter urging action against extreme wealth's impact on democracy, a rare call for higher taxes from the affluent.
While discussing poverty and climate change, Davos elites often ignore the need for their wealth redistribution as part of the solution.
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