"Tax us now!" This rallying cry echoes from numerous millionaires and billionaires worldwide, urging governments to implement a wealth tax

"Tax us now!" This rallying cry echoes from numerous millionaires and billionaires worldwide, urging governments to implement a wealth tax. In open letters, they highlight the dangers of widening wealth inequality and advocate for fair taxation as a means to address societal imbalances. The proposed wealth tax is not only seen as just but also as a way to mitigate extreme inequality and fund essential public services like healthcare, education, and infrastructure. Among those advocating for this change are British multimillionaires Julia Davies and Phil White, along with Danish multimillionaire Djaffar Shalchi, who emphasize the public's desire for such reform. However, obstacles remain, with Austrian heiress Marlene Engelhorn lamenting the lack of political will to challenge the super-rich and implement effective taxation policies. Meanwhile, German multimillionaire Sebastian Klein takes proactive steps by transferring the majority of his wealth to a non-profit organisation, aiming to utilise it for the greater good of society.

Watch the full documentary here: LINK

Previous
Previous

“Tax the Rich, Save the World. It is That Simple”

Next
Next

CNBC documentary featuring Member Phil White and academic Arun Advani discussed President Biden’s 'Billionaire Tax'