"Global Elite Urged to Tax Extreme Wealth by High-Net Worth Individuals at Davos"

Nearly 270 millionaires and billionaires attending The World Economic Forum in Davos have signed a letter urging world leaders to tax their wealth, warning of catastrophic consequences if economic inequality is not addressed. They argue that taxing extreme wealth will not significantly impact their standard of living and is necessary to prevent further societal degradation. A new poll shows that a majority of wealthy individuals support higher taxes on their fortunes, with 75% backing a 2% tax on billionaires. The call for action comes amid growing concerns about worsening inequality, with the world's richest seeing their fortunes double while the poorest 60% became poorer.