“We ask you to tax us, the very richest in society,” reads an open letter to the world leaders assembled in Davos, Switzerland, penned by 250 millionaires and billionaires who seem to be gluttons for punishment.
“We’d be proud to pay more,” declares their website, which is thusly named. “This will not fundamentally alter our standard of living, nor deprive our children, nor harm our nations’ economic growth. But it will turn extreme and unproductive private wealth into an investment for our common democratic future.” Signatories include Disney and Rockefeller heiresses, as well as actor Brian Cox.
[Nonsense. It’s a stunt to push for broadly confiscatory powers by Western nations to engage in the kind of wealth distribution that paralyzes socialist economies. The signatories want to signal their virtue so that they’re the last to go up against the wall come the revolution, a not-uncommon strategy for the wealthy in economies that trend toward socialism. That’s what made Javier Milei a breath of fresh air at Davos this year. If you don’t get the joke in the headline, click on the video below. — Ed]
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