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Quote by Jeffrey Sachs

“The rich individuals are increasingly hoarding everything. If the billionaires want to go to space, they could at least leave their money on Earth to solve the critical Earthbound problems. We now have an estimated 2,775 billionaires with a combined net worth of around $13.1 trillion. I have it on good authority that you don't need more than $1 billion to live comfortably. Even if every billionaire kept $1 billion, that would leave around $10 trillion for ending hunger, poverty, and environmental destruction. We should be taxing the vast and rapidly growing billionaire wealth to help finance a civilized world.”

Quote by Jeffrey Sachs

Author

Jeffrey Sachs is a renowned economist born on November 5, 1954. He has extensive research and contributions in the fields of global development, poverty reduction, and sustainable development. Sachs has served as a special advisor to the Secretary-General of the United Nations, guiding the formulation and implementation of the United Nations Millennium Development Goals (MDGs). more

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