In 2023 alone, the worlds’ wealthiest families become $1.5 trillion richer.

Over two thousand politicians, business leaders, and elite policymakers from across the globe will gather in Davos, Switzerland later this month for the World Economic Forum Annual Meeting -- better known as simply “Davos”.

You may ask: what have these elites accomplished through this week-long annual meeting over the years?

The answer? Besides shameless PR exercises in self-promotion, not much.

Davos attendees publicly claim to care deeply about solving the world’s problems, but they have spent years ignoring one of the most urgent crises of our time -- yawning economic inequality and extreme wealth concentration in a small group of people.

We are living through an age of economic and political extremes. We are witnessing a rise in poverty and widening wealth inequality, the rise of anti-democratic nationalism, and the shrinking opportunity for billions of ordinary people to earn a livable wage.

Every moment of delay in tackling these extremes entrenches the dangerous economic status quo, threatens our democratic norms, and passes the buck to our children and grandchildren.

The history of the last five decades is a story of wealth flowing upwards into fewer and fewer hands. ‘Trickle down’ policies that cut taxes and regulations for the wealthy and corporations have resulted in nothing but a shrinking share of the economic pie for the vast majority of the world’s inhabitants. They have given us stagnating wages, crumbling infrastructure, failing public services, and destabilized the very foundation of our democracy. These challenges will only worsen if global leaders fail to address extreme wealth inequality.

Demand leaders at the World Economic Forum Annual Meeting in Davos tax extreme wealth now.