An increasing number of billionaires are embracing the viewpoint advocated by Microsoft co-founder Bill Gates, who has called for increased taxation of the super-wealthy.
During Gates’ annual “Ask Me Anything” session on Reddit last year, he said ultra-wealthy individuals should pay more tax. He vigorously reaffirmed his position at a panel during the World Economic Forum in Davos this week.
The billionaire made a compelling case for the wealthiest nations to substantially augment their contributions to address global income inequality. He also emphasized the moral duty for individuals, nations, and corporations with substantial resources to be more generous.
“Those who have the most — whether it’s countries, companies, or individuals — should be pushed to be more generous,” he said at the event, according to Business Insider.
Over 250 wealthy individuals have signed an open letter petitioning global leaders to implement a wealth tax.
The letter straightforwardly declares, “Our request is simple: we ask you to tax us, the very richest in society.” It also says that taxing the super-wealthy won’t “deprive” their children or “fundamentally alter” their standard of living
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