Particle.news
Download on the App Store
8 ARTICLES
·
3w ago

Wealthy Signatories Urge Davos Leaders to 'Tax the Super Rich' in Open Letter

A new survey of G20 millionaires reports broad support for wealth taxes, with many warning extreme fortunes distort democracy.

Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images
As the world’s wealthiest touch down in Davos for the World Economic Forum, hundreds of the ultra-rich—including the Disney heirs and millionaire real estate developer Jeffrey Gural—call on leaders to end the “control” of global oligarchs with taxes.
The Swiss resort town of Davos hosts the World Economic Forum each January, bringing together politicians, policymakers, and business executives.

Overview

  • The Time to Win campaign, led by Patriotic Millionaires, Millionaires for Humanity and Oxfam, released the letter during the World Economic Forum in Davos with nearly 400 signatories from about 24 countries.
  • Signatories including Mark Ruffalo, Abigail and Tim Disney, Brian Eno, Brian Cox and developer Jeffrey Gural argue that extreme wealth enables oligarchic influence and urge elected officials worldwide to raise taxes on the ultra‑rich.
  • A Survation poll of 3,900 G20 millionaires found 63% view extreme wealth as a threat to democracy, 77% say the ultra‑rich can buy political influence, 81% believe money buys access to politicians and 82% back limits on donations.
  • Oxfam reports billionaire wealth rose sharply in 2025, the global billionaire count surpassed 3,000 and total billionaire fortunes have grown 81% since 2020, reinforcing concerns over concentrated wealth.
  • Coverage highlighted the scene at Davos, with Business Insider tracking at least 157 private jets near the summit, as commentary revisited whether voluntary extra tax payments can substitute for binding policy changes.