Abigail Disney, Brian Cox and Valerie Rockefeller among signatories of open letter condemning inequality

Abigail Disney, Brian Cox and Valerie Rockefeller among signatories of open letter condemning inequality

More than 250 billionaires and millionaires are demanding that the political elite meeting for the World Economic Forum in Davos introduce wealth taxes to help pay for better public services around the world.

“Our request is simple: we ask you to tax us, the very richest in society,” the wealthy people said in an open letter to world leaders. “This will not fundamentally alter our standard of living, nor deprive our children, nor harm our nations’ economic growth. But it will turn extreme and unproductive private wealth into an investment for our common democratic future.”

The rich signatories from 17 countries include Disney heir Abigail Disney; Brian Cox who played fictional billionaire Logan Roy in Succession; actor and screenwriter Simon Pegg; and Valerie Rockefeller , an heir to the US dynasty.

  • @tburkhol
    16•10 months ago

    Back in the day, corporate taxes were like 25% of federal revenues. After Trump’s tax cuts, it’s down to 10%. https://fred.stlouisfed.org/graph/?g=1edSi

    High corporate tax rates encourages companies not to have profits - pay their revenues out as wages, research new technologies, build infrastructure. Do useful shit with their gains rather than just sit on big bags of cash.