Nearly 400 millionaires and billionaires across 24 countries are demanding Davos leaders tax them more: ‘Tax us. Tax the super rich.’

To global leaders gathering at Davos:

We are surprised that you have failed to answer a simple question that we have been asking for three years: when will you tax extreme wealth? If elected representatives of the world’s leading economies do not take steps to address the dramatic rise of economic inequality, the consequences will continue to be catastrophic for society.

Our drive for fairer taxes is not radical. Rather, it is a demand for a return to normality based on a sober assessment of current economic conditions. We are the people who invest in startups, shape stock markets, grow businesses, and foster sustainable economic growth. We are also the people who benefit most from the status quo. But inequality has reached a tipping point, and its cost to our economic, societal, and ecological stability risk is severe - and growing every day. In short, we need action now.  

Our request is simple: we ask you to tax us, the very richest in society. 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 solution to this cannot be found in one-off donations or in philanthropy; individual action cannot redress the current colossal imbalance. We need our governments and our leaders to lead. And so we come to you again with the urgent request that you act - unilaterally at the national level, and together on the international stage. 

Every moment of delay entrenches the dangerous economic status quo, threatens our democratic norms, and passes the buck to our children and grandchildren. Not only do we want to be taxed more but we believe we must be taxed more. We would be proud to live in countries where this is expected, and proud of elected leaders who build better futures. As the wealthiest members of society, we would be:

• Proud to pay more to tackle extreme inequality. 

• Proud to pay more to help reduce the cost of living for working people. 

• Proud to pay more to better educate the next generation.

• Proud to pay more for resilient healthcare systems.

• Proud to pay more for better infrastructure.

• Proud to pay more for a green transition.

• Proud to pay more taxes on our extreme wealth.

The value of fairer tax systems should be self-evident. We all know that ‘trickle down economics’ has not translated into reality. Instead it has given us stagnating wages, crumbling infrastructure, failing public services, and destabilized the very institution of democracy. It has created a shameful economic system incapable of providing a brighter, more sustainable future. These challenges will only worsen if you fail to address extreme wealth inequality.

The true measure of a society can be found, not just in how it treats its most vulnerable, but in what it asks of its wealthiest members. Our future is one of tax pride, or economic shame. That’s the choice.

We ask you to take this necessary and inevitable step before it’s too late. Make your countries proud. Tax extreme wealth.

Sincerely,

The Undersigned

SOURCE 

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We must win back our future. Leaders at Davos, tax the super rich. 

Davos Attendees—It’s Time For Us All To Win. 

Fifty-five years ago, when the World Economic Forum first met, humanity stood at the dawn of remarkable progress. In the last fifty years, we have taken giant leaps in technology, medicine, communication, and global trade to create huge potential opportunities for humankind.

Today, we are more connected than ever—but at the same time, we have never been more divided. Decades of innovation have gone hand in hand with decades of inequality, environmental destruction, and wasted opportunity. The richest 1% now own more than 95% of the world’s population put together.

The gap between the super rich and everyone else grows larger every day, stretching across neighbourhoods, nations, and, perhaps most of all, generations.

 

A handful of global oligarchs with extreme wealth have bought up our democracies; taken over our governments; gagged the freedom of our media; placed a stranglehold on technology and innovation; deepened poverty and social exclusion; and accelerated the breakdown of our planet. What we treasure, rich and poor alike, is being eaten away by those intent on growing the gulf between their vast power and everyone else.

We all know this. When even millionaires, like us, recognise that extreme wealth has cost everyone else everything else, there can be no doubt that society is dangerously teetering off the edge of a precipice.

We are worn out watching this happen. We want our democracies back. We want our communities back. We want our future back.

In 2026, we must do more than hope for a future we want. We must win it.

You already have a simple and effective solution, supported by millionaires and the public alike. Stop squandering the time we have—tax the super rich.

As millionaires who stand shoulder to shoulder with all people, we demand it. And as our elected representatives—whether it’s those of you at Davos, local councillors, city mayors, or regional leaders—it’s your duty to deliver it. So tax us. Tax the super rich.

We can win back power from those who capture it; win back our democracies from those who abuse them; reclaim health, education, and safe homes from those who have bottomed out our infrastructure and public services. We can win back our shared wealth.

Extreme wealth has led to extreme control for those who gamble with our safe future for their obscene gains. Now is the time to end that control and win back our future.

Millionaires like us refuse to be silent. It is time to be counted. Tax us and make sure the next fifty years meet the promise of progress for everyone.

https://timetowin.world