A survey of over 2,000 millionaires across G20 countries reveals widespread concern that extreme wealth concentration poses a danger to democracy and global stability. The Patriotic Millionaires group, which conducted the poll, warns that the super rich are buying more power and wealth while the rest of the world faces economic hardship. They urge world leaders to implement a wealth tax and address the growing influence of the ultra-wealthy on media, justice systems, and democracies.
The influence of the super rich on Donald Trump’s presidency is a threat to global stability, a new poll of millionaires has found.
The poll was released to coincide with the World Economic Forum’s annual meeting in Davos, where Engelhorn and the Patriotic Millionaires movement are pushing for a wealth tax. “Across the world, some of those who enjoy the same economic status as us also enjoy untold levels of influence and power. A handful of extremely wealthy human beings control the media, which cajoles, persuades and sometimes misinforms; they unduly influence our legal systems, transforming justice into injustice; and are helping manage our democracies into decline.”, including Elon Musk, Meta’s Mark Zuckerberg, the Amazon founder, Jeff Bezos, and the Indian billionaire Mukesh Ambani.
White warned that the Covid pandemic had shown the dangers of “trickle-up economics”, where the money “trickles up to the top and it stays there”.
Economics SUPER RICH WEALTH TAX DEMOCRACY GLOBAL STABILITY ECONOMIC INEQUALITY
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