Money allows you to influence politics. This is what the super-rich themselves fear, who have issued warnings on this subject at the World Economic Forum. Indeed, millionaires and billionaires are asking the WEF for higher taxes for the super-rich like them. Extreme wealth is a danger for democracy because it is often accompanied by political influence, some 370 signatories warn in an open letter to heads of state and government.
“Our experience teaches us that the super-rich have more say than everyone else. “It’s an inconvenient truth,” we read. The solution is quick and simple: “You have to tax us, the super-rich,” they say. Among the signatories of the open letter are the Austrian-German social activist and heiress to a fortune, Marlene Engelhorn, and the American philanthropist Abigail Disney, great-niece of Walt Disney. The action was organized among others by the Oxfam organization and the Patriotic Millionaires network, an association of wealthy Americans who demand a fair tax system.
