Title: Millionaires’ growing call to be taxed more: a significant development
Introduction :
Within the global economic landscape, an increasingly loud voice is being heard: that of millionaires demanding to be taxed more. While this demand has sparked debate in the past, it is now gaining legitimacy, with more and more millionaires, economists and former leaders supporting the idea. This article explores this development and highlights the recent call made at the G20 summit.
1. A growing coalition of millionaires in favor of increased taxation:
In recent years, millionaires demanding higher taxes have come forward several times. However, the call made at the G20 summit has taken on unprecedented proportions. With 300 signatories from more than 40 countries, including 120 millionaires, 65 economists and 18 former heads of state, the appeal supports the need for the richest to contribute more.
2. A response to the current crisis and global challenges:
The signatories of the appeal underline that the world is going through a crisis comparable to that of the post-war period, where the most fortunate were made to contribute. They refer to the increase in extreme poverty, inflation outpacing wage increases and the urgency of green investments to achieve the goals of the Paris climate agreement. They are therefore calling on G20 leaders to increase taxes on the richest individuals, thus adding a strong voice to the demand for increased taxation.
3. Historical precedents and successful experiences:
The idea of taxing the richest more is not new. Historical examples, such as the taxation of war profits in France during World War I and World War II, as well as the high marginal tax rates in the United States under Franklin D. Roosevelt, demonstrate that such measures can be implemented. successfully placed in exceptional periods. These examples strengthen the case for increased taxation of millionaires.
Conclusion :
Millionaires’ call to be taxed more has become a major hot topic. He is supported by a growing coalition of millionaires, economists and former leaders, who recognize the need for more equitable contributions from the wealthiest. Historical precedents and successful experiences show that such measures are feasible and can have a positive impact on society. As attitudes evolve, it is possible that the demand for increased taxation of millionaires will no longer be debated in the future.