Morris Pearl, Chair of the Patriotic Millionaires and former Managing Director at BlackRock, said: “In recent decades, wealth inequality has skyrocketed around the world. The growing gap between rich and poor has destabilised the global economy, exacerbated the rise of extremist politics, and frayed the very fabric of our social order. As an ultra-wealthy person, representing an organisation of like-minded wealthy people, I am asking the G20 to tax us
In an open letter to the G20, close to 300 millionaires, economists, and political representatives from almost all G20 countries call for a new international agreement on wealth taxes to “stop extreme wealth from corroding our collective future”.
to reduce dangerous levels of inequality; if they fail to tax extreme wealth, the results will be a perpetually weakened global economy, the decline of democratic institutions, and worsening social unrest
the vested interests in maintaining the current system, including billionaires, the fossil fuel sector, big pharma, defense, and industrial agriculture will continue to fight to prevent the transformative changes needed. To overcome our societal addiction to the current system will require a broad consensus and movement of movements around the shared goal of sustainable wellbeing for humans and the rest of nature
13 August 2023 -
G20 Leaders must tax extreme wealth
