| Translate This News In |
|---|
The World Economic Forum’s (WEF) annual conference in Davos is underway for the first time this summer. The annual meeting of the world’s political, economic, and business elite has traditionally taken place in January against the idyllic snowy backdrop of Davos, Switzerland.
The Patriotic Millionaires, an unlikely group, is protesting the meeting of these economic heavyweights. This group of millionaires is urging all world leaders to levy new taxes on the world’s wealthiest people in order to address the “cost of living scandal” that is raging in multiple countries around the world.
According to Phil White, a member of the group, “while the rest of the world is imploding under the mass of a financial downturn, billionaires and world leaders encounter in this private compound to discuss historical turning points… It is outrageous that our elected elites listen to those who have the most, know the lowest about the economic consequences of this crisis, and pay the least in taxes. This conference’s only credible outcome is to tax the wealthy and tax us now. Delegates attending Davos 2022 will be taxed.”
While the rest of the world is imploding under the weight of an economic crisis, multimillionaires and world leaders convene in this private compound to discuss pivotal moments in history.
The event’s theme this year is “Working Together, Restoring Trust,” which the WEF hopes will provide leaders with an opportunity to assess the state of the world and shape policies for the critical period ahead.
“Topics on the agenda will include pandemic recovery, tackling climate change, building a better future for work, speeding up stakeholder capitalism, and harnessing the technologies of the 4th Industrial Revolution,” according to a statement.
Patriotic Millionaires, on the other hand, are sceptical. According to The Guardian, Danish multimillionaire engineer and property developer Djaffar Shalchi stated, “You don’t win public faith by holding events like Davos, where the world’s rich and powerful meet underneath layers of security.” The most important thing Davos participants could do to earn people’s trust is to admit that the wealth and privilege they represent and protect are incompatible with a world in which everyone can live full and prosperous lives.”
From May 22 to 26, the Davos summit will be held in person for the first time due to the Covid-19 pandemic.
