ZURICH : A group of more than 100 billionaires and millionaires has issued a plea to political and business leaders convening virtually for the World Economic Forum: make us pay more tax.
Reuters reported last year on the staggering rise in billionaires' wealth in 2020, as the world went into lockdown and the global economy faced its worst recession since World War Two, prompting the millionaires' group to call for higher taxes. A spokesperson for the World Economic Forum said paying a fair share of taxes was one of the forum's tenets, and a wealth tax -as exists in Switzerland, where the organisation is based -could be a good model to deploy elsewhere.
Is this a takeover by the rich? Our lawmakers apparently have little understanding of the tax laws, or, they are being bought out by those who are stealing us blind.
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