The Ultra-Wealthy Are Demanding to Pay Higher Taxes

The Ultra-Wealthy Are Demanding to Pay Higher Taxes

The loudest calls for taxing the ultra-rich amid this year’s Davos summit aren’t coming from hooded anarchists or revolutionary socialists, but from the one-percenters themselves. We’re not joking. While some of the richest individuals in history flock to the World Economic Forum summit, hundreds of their peers penned a letter calling on global leaders to address rising wealth inequality. “The richest 1 percent now own more than 95 percent of th…

Wealth, Taxes, and the Cost of Debt: Why Billionaires Are Calling For Higher Taxes — and What Trump’s Tax Cuts Have to Do With It

ANN ARBOR – A growing number of millionaires and billionaires are publicly urging governments to raise taxes on the world’s wealthiest individuals, arguing that extreme inequality threatens economic stability, democratic institutions, and long-term growth. In an open letter released alongside global economic forums, wealthy signatories warned that current tax systems allow vast fortunes to accumulate while public finances weaken — a dynamic they…