To subscribe, advertise or contribute articles to www.asiamanufacturingnewstoday.com contact publisher@xtra.co.nz
  • Home
  • Advertise
  • Subscribe
  • Archives
Asia Manufacturing News
The official site for the Asia Manufacturing News magazine
  • Home
  • AI
  • Analysis
  • Aviation
  • Big Data
  • Business News
  • Calendar
  • Case Studies
  • Change the Conversation
  • Climate Change
  • Covid-19
  • Developments
  • Energy
  • Engineering
  • Events
  • Manufacturing Technology
  • Innovators
  • IoT
  • Manufacturing Technology
  • News
  • Product News
  • Smart Manufacturing
  • The Creative Class
  • The Interview
  • Webinars

News Ticker

Southeast Asia identified as most attractive region for Advanced Manufacturing Investment
MAF801 Expandable Edge AI Computer from IBASE
China Import and Export Fair Complex, Guangzhou, 4 – 6 March 2026
Veolia expands mobile water services fleet to address growing needs in Oceania
Hitachi Hi-Tech announces SU96000 electron microscope
Vingroup establishes VinMetal steel manufacturing company, enters Metallurgy Industry
Kaynes and DigiLens launch India’s first advanced waveguide manufacturing line 
Black & Veatch contribute global, regional best practices in sustainable infrastructure at Enlit Asia 2025

Historian berates billionaires at Davos over tax avoidance

Rutger Bregman tells panel that the real issue is the rich not paying their fair share

Martin Farrer

A discussion panel at the Davos World Economic Forum has become a sensation after a Dutch historian took billionaires to task for not paying taxes.

In a video shared tens of thousands of times, Rutger Bregman, author of the book Utopia for Realists, bemoans the failure of attendees at the recent gathering in Switzerland to address the key issue in the battle for greater equality: the failure of rich people to pay their fair share of taxes.

Noting that 1,500 people had travelled to Davos by private jet to hear David Attenborough talk about climate change, he said he was bewildered that no one was talking about raising taxes on the rich.

“I hear people talking the language of participation, justice, equality and transparency but almost no one raises the real issue of tax avoidance, right? And of the rich just not paying their fair share,” Bregman tells the Time magazine panel on inequality.

“It feels like I’m at a firefighters conference and no one’s allowed to speak about water.”

Industry had to “stop talking about philanthropy and start talking about taxes”, he said, and cited the high tax regime of 1950s America as an example to disprove arguments by businesspeople at Davos such as Michael Dell that economies with high personal taxation could not succeed. “That’s it,” he says. “Taxes, taxes, taxes. All the rest is bullshit in my opinion.”

 A member of the audience, former Yahoo chief financial officer Ken Goldman, challenged his comments and said it was a “one-sided panel”. He argued the fiscal settings across the global economy had been successful and had created record employment.

But another panel member, Winnie Byanyima, an Oxfam executive director, took up the fight and said high employment was not a good thing in itself because many people found themselves in exploitative work. She cited the example of poultry workers in the US who had to wear nappies (diapers) because they were not allowed toilet breaks.

“That’s not a dignified job,” she said. “those are the jobs we’ve been told about, that globalisation is bringing jobs. The quality of the jobs matter. In many countries workers no longer have a voice.

Addressing Goldman, she said: “You’re counting the wrong things. You’re not counting dignity of people. You’re counting exploited people.”

Billions of dollars were leaked by tax avoidance every year which should instead be going to alleviate poverty in the developing world, she added.

After the panel Bregman tweeted a link to a opinion piece he wrote for the Guardian in 2017, saying “most wealth is not created at the top, but merely devoured there”.

Share this:

Related Posts

India EU trade agreement

Business News /

What does EU and India free trade agreement mean for global trade?

TU SOAF_Dr Paul Anthony Maria Das

Change the Conversation /

Time for ASEAN to rethink a single currency amid global trade tensions

Smart Production Guangzhou 2026

Developments /

Southeast Asia identified as most attractive region for Advanced Manufacturing Investment

‹ Grundfos honoured as ‘Top Best Supplier’ by Taiwan’s M-Team for third consecutive year › TIC-TOC technology moves Tactile Internet a step closer to reality

1st February 2026

Recent Posts

  • What does EU and India free trade agreement mean for global trade?
  • Southeast Asia identified as most attractive region for Advanced Manufacturing Investment
  • Siemens’ AI powered Nanjing facility named World Economic Forum Global Lighthouse Factory
  • How CTEM, AI, and access control redefine OT security in 2026
  • MAF801 Expandable Edge AI Computer from IBASE
  • AI hype is fueling a bubble in humanoid robotics
  • The Next Phase of Manufacturing in Asia: Predictive, Connected and Human-Centric
  • Valmet’s solution for improved waste management and resource efficiency at  South Korean incineration facility
  • IBASE receives its first Taiwan Excellence Silver Award
  • China Import and Export Fair Complex, Guangzhou, 4 – 6 March 2026

Categories

  • AI
  • Analysis
  • Aviation
  • Big Data
  • Business News
  • Calendar
  • Case Studies
  • Change the Conversation
  • Climate Change
  • Covid-19
  • Developments
  • Energy
  • Engineering
  • Events
  • Innovators
  • IoT
  • Manufacturing Technology
  • Manufacturing Technology
  • News
  • Product News
  • Smart Manufacturing
  • The Creative Class
  • The Interview
  • Uncategorized
  • Webinars

Archives

Back to Top

  • Home
  • AI
  • Analysis
  • Aviation
  • Big Data
  • Business News
  • Calendar
  • Case Studies
  • Change the Conversation
  • Climate Change
  • Covid-19
  • Developments
  • Energy
  • Engineering
  • Events
  • Manufacturing Technology
  • Innovators
  • IoT
  • Manufacturing Technology
  • News
  • Product News
  • Smart Manufacturing
  • The Creative Class
  • The Interview
  • Webinars

To subscribe, advertise or contribute articles to asiamanufacturingnewstoday.com contact publisher@xtra.co.nz

(c) Asia Manufacturing News, 2026