100+ ultra-rich people warn fellow elites in open letter: “It’s taxes or pitchforks”

In an open letter published amid the corporate-dominated virtual Davos summit, 102 rich individuals—including such prominent figures as Disney heiress Abigail Disney and venture capitalist Nick Hanauer—warned that “history paints a pretty bleak picture of what the endgame of extremely unequal societies looks like.” “For all our well-being—rich and poor alike—it’s time to confront inequality and choose to tax the rich,” the letter reads. “Show the people of the world that you deserve their trust.”

100+ ultra-rich people warn fellow elites in open letter: “It’s taxes or pitchforks”

The change will come fast once the switch is flipped. The social contract needs to be brought into balance again.