The Ultra-Wealthy Are Demanding to Pay Higher Taxes
Joe Wilkins
created: Jan. 22, 2026, 8:06 p.m. | updated: Feb. 1, 2026, 5:58 p.m.
The loudest calls for taxing the ultra-rich amid this year’s Davos summit aren’t coming from hooded anarchists or revolutionary socialists, but from the one-percenters themselves.
“The richest 1 percent now own more than 95 percent of the world’s population put together,” the letter declared.
“As millionaires who stand shoulder to shoulder with all people, we demand it.
On a global scale, in other words, these millionaires and billionaires are essentially asking governments to solve a problem they’ve created.
Waiting for the ultra-wealthy to voluntarily fund the common good isn’t a viable strategy.
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