Was Elizabeth Warren right? Is the “tax the rich” wing of the Democratic party on to something important? Or on the other hand, maybe the Republicans who generally want to cut taxes on the rich are right. It is certainly an issue many have strong feelings about.

Many of the rich and powerful are meeting in Davos at the World Economic Forum this week. I just read an article on CNBC.com about a large group of millionaires who are urging the Davos participants to tax the rich and help ordinary people.

The open letter says in part:

The current lack of action is gravely concerning. A meeting of the ‘global elite’ in Davos to discuss ‘Cooperation in a Fragmented World’ is pointless if you aren’t challenging the root cause of division. Defending democracy and building cooperation requires action to build fairer economies right now – it is not a problem that can be left for our children to fix.

One signatory says:

I’ve sat in the same room with some of the richest and most powerful people in the world as they talk about how they can make a difference, so I can say this with firsthand experience – Davos is a farce. Until Davos attendees start talking about taxing the rich, the entire gathering will remain a very public example of how out of touch they really are.

The article is https://www.cnbc.com/2023/01/18/over-200-millionaires-urge-davos-elite-to-up-taxes-on-the-ultra-rich-.html

It is worth reading if you are concerned about this subject