Archive · 21 Jan 2026
Millionaires Call for Higher Taxes on Ultra-Wealthy
Almost 400 rich people from different countries wrote a letter asking leaders to tax the super-rich more.
They say too much money in the hands of a few is bad for everyone.
It can make democracy unfair, make some people very poor, and hurt the planet.
They want to use this extra money to help everyone.
Many rich people agree and think it's a good idea.
There are now more than 3,000 billionaires in the world, and the richest people have a lot more money than the rest of the world combined.
Nearly 400 millionaires and billionaires from 24 countries called for higher taxes on the ultra-wealthy.
The letter warns that extreme wealth is distorting democracy, deepening inequality, and accelerating global instability.
Notable signatories include Mark Ruffalo, Brian Eno, and Abigail Disney.
A survey found that 77% of G20 millionaires believe wealthy individuals buy political influence.
The global number of billionaires has surpassed 3,000 for the first time.
- Who
- Nearly 400 millionaires and billionaires from 24 countries, including Mark Ruffalo, Brian Eno, and Abigail Disney
- What
- A call for higher taxes on the ultra-wealthy to address wealth inequality and its impacts
- When
- The letter was released to coincide with the World Economic Forum (WEF) 2026 in Davos
- Where
- The letter is targeted at global leaders, business executives, and policymakers gathering at the Davos summit
- Why
- To address extreme wealth concentration, which is seen as distorting democracy, deepening inequality, and accelerating global instability
- Number of Signatories
- Nearly 400 millionaires and billionaires
- Countries Represented
- 24 countries
- Notable Signatories
- Mark Ruffalo, Brian Eno, Abigail Disney
- Polling Data
- 77% of G20 millionaires believe wealthy individuals buy political influence
- Support for Higher Taxes
- Two-thirds of surveyed millionaires support higher taxes on the super-rich
- Global Billionaire Count
- Over 3,000 billionaires
- Wealth Concentration
- Richest 1% own three times more than the world's total public wealth combined
- US Cabinet Wealth
- $7.5bn combined net worth
