Economists and many millionaires are calling on governments to impose taxes on the world’s superrich, warning of an unfolding “economic, ecological and human rights disaster” caused by escalating wealth inequality.
The demand was made by more than 300 people in an open letter ahead of a summit of the Group of 20 (G20) richest countries in India from Saturday to Monday.
“Skyrocketing wealth accumulation by the few is threatening political stability all over the world,” millionaires, politicians and economists said in the letter to those who will meet in New Delhi.