$60 Million From U.S. Taxpayers so WEF Can Fund ‘Playground’ for World’s Billionaires?

Documents obtained by OpenTheBooks found U.S. taxpayers ponied up $60 million over the last eight years to support the World Economic Forum, which next week will host the 2022 meeting of the world’s billionaire business elite in Davos, Switzerland.

Davos. It’s a “playground” for the world’s billionaire business elite.

Every year, like swans, the rich, pretty and powerful people descend upon a picturesque ski town in Switzerland to mix with world leaders. They discuss shaping our future into a utopian global society.

For the first time since 2019, the 2022 Davos meeting will be in-person beginning Sunday, May 22.

The host organization, World Economic Forum (WEF), founded by German economist Klaus Schwab, says it provides a platform for high-powered leaders to “shape global, regional and industry agendas.”

It’s all pretty gauche, with heady thoughts about the world order. Much of this runs contrary to American values.

Attendees cough up $28,000 just for a ticket, with a coveted all-access badge fetching more like $50,000 — and that’s before attendees spend tens or hundreds of thousands on private air travel, ski chalets and entertainment.

Then, the event devolves into brazen networking among tycoons and public officials.

You probably didn’t even realize it, but you – the American taxpayer – helped fund the sponsoring organization with tens of millions of dollars in federal grants.

Since 2013, WEF received nearly $60 million from U.S. taxpayers.

Our auditors at OpenTheBooks.com found that under the Trump Administration, the WEF received $33 million, which outpaced the $26 million in second-term Obama-era funding.

Read More: $60 Million From U.S. Taxpayers so WEF Can Fund ‘Playground’ for World’s Billionaires?

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