A Wealth Tax for South Africa
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Researchers from the Southern Centre for Inequality Studies (SCIS) at Wits University, the Université Catholique de Louvain and the World Inequality Lab, Paris School of Economics have co-authored a paper, which provide the details behind an op-ed that proposes a wealth tax to assist with fiscal sustainability, as well as reduce extreme wealth inequality.
An annual wealth tax on the net worth of South Africa’s richest people could raise as much as 160 billion rand ($10.7 billion) and would narrow inequality in a nation where the most affluent 1% of the population own 55% of personal wealth, a study showed.
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An annual wealth tax on the net worth of South Africa’s richest people could raise as much as R160 billion and would narrow inequality, a study showed.