'We Need to Tax the Rich': Global Billionaires Have Grown $4 Trillion Wealthier Durin

signalmankenneth

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'We Need to Tax the Rich': Global Billionaires Have Grown $4 Trillion Wealthier During Pandemic:whoa:

"Unless we tax the world's billionaires, the legacy of the pandemic will be accelerated concentrations of wealth and power."

A new analysis out Thursday morning shows that the world's 2,365 billionaires have seen their collective fortunes grow by $4 trillion during the coronavirus pandemic, a staggering windfall that prompted demands for a global wealth tax aimed at curbing inequality and funding key priorities such as the lagging international vaccination effort.

Conducted by the Institute for Policy Studies (IPS) on behalf of the Patriotic Millionaires and Millionaires for Humanity, the new report draws on data from several sources to demonstrate that the wealth of the planet's billionaires jumped 54% amid the global Covid-19 crisis and resulting economic collapse.

https://www.commondreams.org/news/2...ve-grown-4-trillion-wealthier-during-pandemic

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