102 millionaires, including Abigail Disney, have signed another letter asking governments around the world to raise their taxes
A group of millionaires is asking governments around the world to make them pay more in taxes to help narrow the wealth gap.102 super-wealthy individuals said the current tax system is unfair and leads to an erosion in trust.
"Most of us can say that, while the world has gone through an immense amount of suffering in the last two years, we have actually seen our wealth rise during the pandemic — yet few if any of us can honestly say that we pay our fair share in taxes," said the group, which is backed by three separate organizations: US-based Patriotic Millionaires, Germany-based Tax Me, and Denmark-based Millionaires for Humanity.
In the letter, the group argues that the international tax system has created a lack of trust between regular people and the elites, who are the"architects of this system." "The world — every country in it — must demand the rich pay their fair share. Tax us, the rich, and tax us now," they wrote. The letter did not give specific recommendations for increased taxation.
The timing of the letter coincides with this week's virtual World Economic Forum , where world leaders and corporate power brokers meet to discuss key global challenges and solutions.
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