Home » Economy » Billionaires, economists and politicians call on the G20 to tax the super-rich

Billionaires, economists and politicians call on the G20 to tax the super-rich

by Alexandra Hartman Editor-in-Chief

2023-09-07 15:42:45

The G20 summit opens this weekend in India. The Heads of State of the most industrialized countries will meet in New Delhi.

Nearly 300 millionaires, economists and political representatives from almost all the G20 countries have called, in an open letter addressed to the heads of state participating in the economic summit, for a new international agreement on wealth tax. The signatories, including Yves Leterme, Thomas Piketty et Bernie Sanderswant”prevent extreme wealth from continuing to affect our collective future“.

They call on the G20 to use international cooperation to tax the world’s richest people and end tax competition and avoidance. “Our common ambition must be to have national and international systems that serve everyone, not just those with money and power.“, is it stated in the letter.

According to the signatories, inequality undermines political stability around the world. “The accumulation of extreme wealth by the very rich is an economic, ecological and human rights disaster.

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