DAVOS, Switzerland (Reuters) - The rich and powerful were divided at their annual huddle on Wednesday over Barack Obama's threat to raise their taxes, with some it could hurt growth, but others arguing he was right to address capitalism's imbalances.
Obama's State of the Union address focussed on channelling middle class anger at inequality, including a call for a 30 percent minimum tax on millionaires that could make the wealth of Republican rival Mitt Romney a central election issue.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!