At least 102 climate activists from seventeen countries representing Greenpeace, Stay Grounded, Extinction Rebellion, Scientist Rebellion and other climate justice groups are still being detained in Geneva, Switzerland 20 hours after a peaceful protest against Europe’s largest annual private jet fair, the European Business Aviation Convention & Exhibition (EBACE) in Geneva.
“A unique, European coalition of courageous activists from 17 countries severely disrupted the excessive champagne party of a super-rich elite – Europe’s largest private jet sales event. Their demand is unequivocal, private aviation should be consigned to the history books. We support the activists and demand their immediate release.” – said Klara Maria Schenk, a transport expert for the European Mobility For All campaign.
Activists peacefully occupied jets exhibited at the business event by the Geneva airport and chained themselves to aircraft gangways in order to keep prospective buyers from entering. The protestors held giant tobacco-style health warning label hand banners marking the jets as toxic objects and warning that ‘Private Jets Burn Our Future’, ‘Kill Our Planet’, and ‘Fuel Inequality’. Public service announcements from loudspeakers carried by the activists exposed the devastating consequences of private jets for our planet and revealed the hypocrisy of promoting private jets amidst rising social inequality.
Contrary to several misleading media reports, the activists never entered the taxiways or runways of the airport. The activists make it clear that at no time they intended to disrupt commercial air traffic at Geneva Airport. A spokeswoman for air traffic control agency Skyguide confirmed protestors had not accessed the runway during the incident, according to Aviation International News.
It’s likely that there will be a diminished service over the next few months because I’m hoping to travel to remote locations with poor connectivity ;) I think that I largely repeat myself and that you’ve probably got the message anyway – assert yourselves, protest, Tories are scum, Starmer’s lot are Tories, Just Stop Oil, it’s the rich that are destroying our beautiful World, etc.
Protesters from Greenpeace, Stay Grounded, Extinction Rebellion and others chain themselves to aircraft in Geneva
Dozens of climate activists have disrupted Europe’s largest private jet trade fair by chaining themselves to aircraft to protest against the sector’s carbon emissions.
The demonstrators on behalf of Greenpeace, Stay Grounded, Extinction Rebellion and Scientist Rebellion also attached themselves to the entrance gates of the event at Geneva airport in the hope of preventing prospective buyers from entering the annual show.
The activists, who were calling for a global ban on the use of private jets because of their carbon footprint, stuck tobacco-style health warning labels on some of the jets at the European Business Aviation Convention and Exhibition (EBACE) saying private jets “burn our future”, “kill our planet”, and “fuel inequality”.
❗HAPPENING NOW❗ More than 100 brave climate activists from @Greenpeace@staygroundednet @extinctionrebellion and @scientistrebellion demand #BanPrivateJets in #EBACE, the biggest private jet sales fair in Europe, an event for private jet users to keep buying and flying in their… pic.twitter.com/JUP7UCZnP2
— Greenpeace International (@Greenpeace) May 23, 2023
Facing record temperatures, record droughts, wildfires and severe weather events not only are governments failing to address the climate crisis, they’re fecking accelerating climate destruction.
Governments are in thrall to the obscenely rich and it is the obscenely rich that are destroying our planet. We have to depose and discard these politicians who are totally failing humanity. The planet simply can’t afford them sucking up to the rich and powerful any longer. Enough is enough.
People participate in a “march on billionaires” event on July 17, 2020 in New York City. (Photo: Spencer Platt/Getty Images)
“Americans overwhelmingly prefer raising taxes on the ultra-wealthy and huge corporations to making cuts to critical programs like healthcare, medical research, and infrastructure,” said Sen. Elizabeth Warren.
The United States’ astronomical levels of economic inequality are poised to become further entrenched in the coming years as what The New York Timesdescribed Sunday as “the greatest wealth transfer in history” gets underway, with the richest members of the Baby Boomer generation set to pass trillions of dollars in assets on to their descendants—often paying little or nothing in taxes.
“Most will leave behind thousands of dollars, a home, or not much at all. Others are leaving their heirs hundreds of thousands, or millions, or billions of dollars in various assets,” the Times reported. “Of the $84 trillion projected to be passed down from older Americans to millennial and Gen X heirs through 2045, $16 trillion will be transferred within the next decade.”
The newspaper added that thanks to the loophole-ridden U.S. tax system, “heirs increasingly don’t need to wait for the passing of elders to directly benefit from family money, a result of the bursting popularity of ‘giving while living‘—including property purchases, repeated tax-free cash transfers of estate money, and more—providing millions a head start.”
“The trillions of dollars going to heirs will largely reinforce inequality,” the Times observed. “The wealthiest 10% of households will be giving and receiving a majority of the riches. Within that range, the top 1%—which holds about as much wealth as the bottom 90%, and is predominantly white—will dictate the broadest share of the money flow. The more diverse bottom 50% of households will account for only 8% of the transfers.”
1/Months in the making, here's the final cut of my story on the long-awaited wealth transfer, no longer in the future tense: We're closer to 2053 than 1992. Elites are already disbursing to heirs while alive. The masses likely need luck or a paradigm shifthttps://t.co/FDKNafpCyV
Don Moynihan, a professor at Georgetown University’s McCourt School of Public Policy, argued that the Times analysis further demonstrates that “we are not taxing the very wealthy enough.”
The Times noted that individuals in the U.S. can pass nearly $13 million in assets to heirs without paying the federal estate tax, which only applies to around two of every 1,000 American estates.
“As a result, although high-net-worth and ultrahigh-net-worth individuals could inherit more than $30 trillion by 2045, their prospective taxes on estates and transfers is $4.2 trillion,” the Times observed.
The explosion of wealth inequality in the U.S. over the past several decades has prompted growing calls for systemic reform but little substantive action from lawmakers. In 2017, congressional Republicans and then-President Donald Trump contributed to the inequality boom by ramming through tax legislation that disproportionately benefited the wealthiest Americans.
Now in control of the U.S. House, Republicans are trying to make the Trump tax cuts for individuals permanent and eliminate the estate tax altogether—a move that would give the nation’s wealthiest households another $2 trillion in tax breaks.
In April, Sen. Bernie Sanders (I-Vt.) led several of his colleagues in offering an alternative proposal: Legislation that would impose progressively higher taxes on estates worth between $3.5 million and $1 billion, as well as a 65% levy on estates worth more than $1 billion.
“At a time of massive wealth and income inequality, we need to make sure that people who inherit over $3.5 million pay their fair share of taxes,” Sanders said last month. “We do not need to provide a huge handout to multi-millionaires and billionaires. It is unacceptable that working families across the country today are struggling to file their taxes on time and put food on the table, while the wealthiest among us profit off of enormous tax loopholes and giant tax breaks.”
Sen. Elizabeth Warren (D-Mass.), a co-sponsor of Sanders’ legislation, tweeted Monday that “Americans overwhelmingly prefer raising taxes on the ultra-wealthy and huge corporations to making cuts to critical programs like healthcare, medical research, and infrastructure.”
“Congressional Republicans need to get on board,” the senator added.
Americans overwhelmingly prefer raising taxes on the ultra-wealthy and huge corporations to making cuts to critical programs like health care, medical research, and infrastructure. Congressional Republicans need to get on board.
Morris Pearl, a former managing director at the asset management behemoth BlackRock and the chair of the Patriotic Millionaires, stressed in an interview with the Times that structural changes to the U.S. tax code—not just a crackdown on wealthy tax cheats—are necessary to slow the rise of inequality.
“People are following the law just fine. I generally don’t pay much taxes,” said Pearl, whose group has warned that democracy “will not survive” unless the rich are taxed much more aggressively.
Stressing the ease with which rich families in U.S. are able to pass assets on to their heirs tax-free, Pearl told the Times that he currently holds stock that his wife’s father, “who died a long time ago, bought in the 1970s,” an investment that “has gone from a few thousand dollars to many hundreds of thousands of dollars”—unrealized capital gains that are not subject to taxation.
University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman have estimated that $2.7 trillion of the $4.25 trillion in wealth held by U.S. billionaires is unrealized.
“I’ve never paid a penny of taxes on all that,” Pearl said of his inherited equities, “and I may not ever, because I might not sell and then my kids are going to have millions of dollars in income that’s never taxed in any way, shape, or form.”
