11 thoughts on “This is quite something

  1. john zande says:

    Talk is great. Action is better.

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  2. Tish Farrell says:

    Well said that woman on human dignity and decent jobs. And here’s a link to the Tax Justice Network: https://www.taxjustice.net/

    Liked by 1 person

  3. renudepride says:

    The exploitation of the masses to benefit the few? Isn’t that the reason for the French Revolution? Their king (and queen) both lost their heads. And the Russian Revolution? They killed ALL of the Imperial Family. Do any of these contemporary oligarchs EVER study history? If not, then let the repetition begin! 🙂 Naked hugs!

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  4. I love how he thinks the panel is “one sided” – as opposed to Davos itself which is a super balanced and diverse representation of society… 😀

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  5. Swarn Gill says:

    Not to sound like a libertarian, but I do get the argument that handing over large sums of cash to the government to use can be worrisome given the corruption of politicians as well. While I think that guy with 5 billion dollars doesn’t need it, I agree that he/she doesn’t need but a small fraction of that money, but I don’t think we should not talk about philanthropy anymore. I have no problem with some billionaire setting up a foundation that creates a sustainable and large sum of money to help people, but people get impressed by a few million dollars handed over by a billionaire even though it might be a fraction of a percent of their net worth. Largely I think that many of these foundations are a tax dodge of some kind. That being said I don’t think it’s necessarily wrong for someone to want to choose how their wealth is spent in terms of helping people but most of the time it’s just not nearly enough. And governments do have advantages in being able to coordinate resources in ways that individuals often don’t and that matters. I don’t think taxes are a bad thing, every society has them and the infrastructure of civilization has been built on that, but I do think corruption is a problem…and it exists not only in governments, but also in private organization in the non-profits that take money. The question becomes how to we make sure the ultra rich pay their fair share and that the money is used efficiently. Efficiency is an issue both in private and government sectors and I am not positive that one is better than the other. I also don’t think that the threat of corruption is reason to do nothing. I mean I don’t worry about my taxes going to welfare even knowing some people cheat the system. I’d rather make sure that people had enough to eat. I don’t think as many people are cheating the system as the rich would have one believe either. And yes while I would like less wealthy people lining their pockets as I try to help people, again as long as something is being done, I’m content.

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    • makagutu says:

      I do think some, if not most, of the funds or foundations by these billionaires are a way to dodge taxes.
      Tax havens exist not because working class people want to stash money there, far from it. So there is much more the ultra rich must do.
      I think the private sector is sometimes just as inefficient if not worse than the public sector. I think we need to have ways to address economic crimes.

      Liked by 2 people

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