A taxing solution to poverty?
More than 100 millionaires have signed an open letter asking to pay more tax. As new figures from charity Oxfam again show the COVID-19 pandemic has made the rich wealthier, the Patriotic Millionaires, a group of America’s wealthiest people who are looking to reform the country’s economic system, wrote the letter to the World Economic Forum.
"Few if any of us can honestly say that we pay our fair share in taxes," the group wrote. Analysis by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires found that implementing an extra wealth tax on the rich could raise $2.52 trillion (£1.84tn) a year and lift 2.3 billion people out of poverty. Read on to meet the millionaires and bilionaires who want to pay more tax.