{"id":1224088,"date":"2022-01-19T09:22:19","date_gmt":"2022-01-19T14:22:19","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1224088"},"modified":"2022-01-19T09:22:46","modified_gmt":"2022-01-19T14:22:46","slug":"tax-the-rich-world-economic-forum-hears-call-for-global-wealth-redistribution","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tax-the-rich-world-economic-forum-hears-call-for-global-wealth-redistribution\/","title":{"rendered":"Tax the Rich: World Economic Forum Hears Call for Global Wealth Redistribution"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftax-the-rich-world-economic-forum-hears-call-for-global-wealth-redistribution%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1224088&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">The direct imposition of permanent annual taxes on the earnings of the world\u2019s richest individuals&nbsp;could redistribute wealth and lift millions out of poverty, a report presented to the World Economic Forum (WEF) on Wednesday outlined.<\/p>\n<p>Under the globalist proposal, supranational taxation would start at a rate of two percent on wealth over $5 million and progress to five percent on wealth over $1 billion, generating $2.52 trillion. This would be in addition to&nbsp; \u2013 and on top of&nbsp; \u2013 whatever taxes are imposed at source by individual national authorities.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>That is claimed to be enough to cover the cost of two inoculations and a booster for the world\u2019s estimated eight billion people several times over, according to analysis on 66 countries by Fight Inequality Alliance, Institute for Policy Studies, Oxfam and Patriotic Millionaires.<\/p>\n<p>The <a href=\"https:\/\/www.intaxwetrust.org\/\">group<\/a> says unless heads of state and government and CEOs acknowledge the \u201csimple, effective solution staring them in the face \u2014taxing the rich,\u201d people around the world \u201cwill continue to see their so-called dedication to fixing the world\u2019s problems as little more than a performance.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#8216;The Great Reset&#8217; is upon us. French President Macron declared that in the wake of the Chinese coronavirus modern capitalism &#8220;can no longer work&#8221; at the Davos summit. <a href=\"https:\/\/t.co\/LQFI8aNzgz\">https:\/\/t.co\/LQFI8aNzgz<\/a><\/p>\n<p>\u2014 Breitbart News (@BreitbartNews) <a href=\"https:\/\/twitter.com\/BreitbartNews\/status\/1355865185706242050?ref_src=twsrc%5Etfw\">January 31, 2021<\/a><\/p>\n<\/blockquote>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cThe insane reality is that whilst billions face a daily struggle to survive during this pandemic, billionaire wealth is spiraling out of control. This cannot be right,\u201d Jenny Ricks, global convenor of the Fight Inequality Alliance, said in a statement <a href=\"https:\/\/www.breitbart.com\/news\/millionaires-join-non-profits-in-wealth-tax-appeal\/\">seen by<\/a> AFP.<\/p>\n<p>The tax proposal was made to coincide with a meeting of the WEF which is taking place online for the second straight year as its Davos gathering was postponed due to the spread of the Omicron variant.<\/p>\n<div id=\"attachment_19543754\" class=\"wp-caption alignnone\"><a href=\"https:\/\/media.breitbart.com\/media\/2022\/01\/GettyImages-1237781805-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-19543754\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/GettyImages-1237781805-1-1024x683-1.jpg\" alt=\"\" width=\"990\" height=\"660\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab is seen at the opening of the WEF Davos Agenda virtual sessions at the WEF\u2019s headquarters in Cologny near Geneva on January 17, 2022. (FABRICE COFFRINI\/AFP via Getty Images)<\/em><\/p>\n<\/div>\n<div id=\"attachment_19543762\" class=\"wp-caption alignnone\"><a href=\"https:\/\/media.breitbart.com\/media\/2022\/01\/GettyImages-1237781918.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-19543762\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/GettyImages-1237781918-1024x683-1.jpg\" alt=\"\" width=\"990\" height=\"660\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>&nbsp;Klaus Schwab listen Chinese President Xi Jinping, seen on the TV screen, speaking remotely at the opening of the WEF Davos Agenda virtual sessions. (FABRICE COFFRINI\/AFP via Getty Images)<\/em><\/p>\n<\/div>\n<p>The group said a steeper progressive tax, which includes a 10 percent levy on billionaires, would raise $3.62 trillion a year. It added that actual levels of taxation would be country specific.<\/p>\n<p>Ricks told AFP the group chose a lower progressive tax that was on the \u201crealistic side\u201d.<\/p>\n<p>A similar call for global taxes on the rich was made by Pope Francis in 2020 when he said international wealth redistribution needed to be made a priority.<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tax cuts for the wealthy are a \u201cstructure of sin,\u201d Pope Francis said in an address calling for global wealth redistribution. <a href=\"https:\/\/t.co\/kpY8iNb27o\">https:\/\/t.co\/kpY8iNb27o<\/a><\/p>\n<p>\u2014 Breitbart News (@BreitbartNews) <a href=\"https:\/\/twitter.com\/BreitbartNews\/status\/1225448122530369537?ref_src=twsrc%5Etfw\">February 6, 2020<\/a><\/p>\n<\/blockquote>\n<p>Oxfam said earlier this week the world\u2019s 10 wealthiest men doubled their fortunes to $1.5 trillion during the first two years of the pandemic, as Breitbart News <a href=\"https:\/\/www.breitbart.com\/politics\/2022\/01\/17\/profits-of-doom-globalist-elites-doubled-their-wealth-during-coronavirus-pandemic\/\">reported<\/a>.<\/p>\n<p>The open letter to Davos participants maintained the current tax system \u201cis not fair\u201d before claiming the worlds\u2019 2,660 billionaires now have wealth around the same size as the Chinese economy.<\/p>\n<p>\u201cThe world \u2014 every country in it \u2014 must demand the rich pay their fair share,\u201d the letter says. \u201cTax us, the rich, and tax us now.\u201d<\/p>\n<p>No recommendation was made on exactly which globalist body would collect the taxation nor who would choose to distribute it.<\/p>\n<h5><em><span>Follow Simon Kent on Twitter:<\/span> <a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/SunSimonKent\" data-show-count=\"false\">Follow @SunSimonKent<\/a> <span>or e-mail to: skent@breitbart.com<\/span><br \/><\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>The direct imposition of permanent annual taxes on the earnings of the world\u2019s richest individuals\u00a0could redistribute wealth and lift millions out of poverty, a report presented to the World Economic &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1224088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1224088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1224088"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1224088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1224088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1224088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1224088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}