Over 200 millionaires are urging the elite echelons in attendance at this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich” to help relieve the cost-of-living strain off ordinary households. The Patriotic Millionaires — self-described as “a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America” — called for similar measures in their campaign last year. “Tax the ultra rich and do it now,” the group asks in a new “Cost of Extreme Wealth” open letter on Wednesday, also endorsed by PMUK, Tax Me Now and Millionaires for ... (full story)