Millionaires' Tax

Times are hard. COVID-19 and the Ukraine War have increased prices. In some countries, energy prices have tripled. Food is more expensive. A group of rich people want to pay more tax. The people were at a meeting in Davos, Switzerland. They marched in the streets. They asked for higher taxes for people like them.

The Davos meeting started in 1971. World leaders meet there to talk about global problems. Some millionaires at Davos were shocked. They said leaders listen "to those who have the most but know the least" about the cost of living crisis. They said a quarter of a billion more people would experience poverty this year.