Millionaires at Davos say 'tax us more'

The cost of living crisis is being called upon by a group of wealthy attendees in the World Economic Forum to be tackled by pushing up taxes for people like them.

They took to the streets with left-wing activists to call for tax reform.

Business and political leaders are at the World Economic Forum for the first time since the Pandemic began.

The wealthy have profited in the last two years.

While the rest of the world is collapsing under the weight of an economic crisis, billionaires and world leaders meet in this private compound to discuss turning points in history.

It's outrageous that our political leaders listen to those who have the most, know the least about the economic impact of this crisis, and many of whom pay DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch The only credible outcome from this conference is to tax the rich.

Mr White made his money as a business consultant. He said that he was joining left-wing and anti-poverty groups at the annual meeting of influential business people and political leaders because the current economic system was failing.

Over the past decade, a growing number of millionaires and billionaires in the US and Europe have called for governments to impose higher taxes.

The campaign sent an open letter to all the delegates at the meeting, signed by millionaire supporters in several countries.

As someone who has enjoyed the benefits of wealth my whole life, I know how skewed our economy is and I cannot continue to sit back and wait for someone to do something.

When another quarter of a billion people will be pushed into extreme poverty this year, we have hit the end of the line.

A new billionaire was created every 30 hours over the last two years according to the charity.

According to the international executive director of the charity, one million people will fall into extreme poverty every 33 hours this year.

She said that quality between countries had been decreasing over the last couple of decades.

During the Pandemic it had increased and now it looks like it is going in extreme directions that are creating catastrophic conditions and they reflect in people's lives.

Energy prices began to rise towards the end of last year, but grew more steeply after Russia invaded Ukraine. Food and other goods are more expensive.

Growth has slowed in a lot of the world due to political tensions.

According to the Organisation for Economic Co-operation and Development, the world's richer countries collectively grew by just 1% in the first three months of the year. The UK's economy grew.

The head of the International Monetary Fund, Kristalina Georgieva, said the global economy was facing a confluence of calamities.

The WEF meeting is taking place later in the year than usual, meaning the 2,000 leaders, experts and business people attending will not be able to enjoy skiing in their spare time in the Swiss resort.

The war in Ukraine is one of the topics on the agenda.