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Billionaires Add $2 7 Billion to Fortunes Daily, Shows Trickle-Down Isn t Real

"Trickle-down has not only failed. Trickle-down was always a lie," Nabil Ahmed, Oxfam America's director of economic justice, told Insider.

BBCNEWS BBC World News June 4, 2024 05:09:00

that the wealthy are very good at being domiciled in countries with they won t pay tax at all? that s exactly the point. at the moment half of all billionaires that we can find live in a country with no inheritance tax. if you take total tax, around the world, only some 4% of tax collected by governments comes from some form of wealth tax. we think that has to change. it can change. it needs a sort of corporation in a fragmented well that there what economic firm talks about. it is countries to come together, saddam and standard as they have corporate tax, for example, last year, a about taxing accumulation because what we rc we have seen the last decade is the biggest increases in accumulation are happening not through income but wealth accumulation. so if governments want to create fairer societies, and creating a better wealth taxes is the

Oxfam calls for billionaire-busting policies, says the world s top 1% has been getting richer much faster than everyone else

The U.K. non-profit is urging governments to impose much higher taxes on the super-rich to redistribute wealth after revealing the world's top 1% has been getting more wealthy much faster than everyone else.

Sinema Blocked Democrats From Raising Taxes on Wealthy, Now GOP Will

During her time in the Senate, Kyrsten Sinema stopped Democrats from raising taxes on the rich. Now a GOP-led House will have to take that on.

BBCNEWS BBC News June 4, 2024 17:51:00

there is simply not going to be the money there for them, the money going into the nhs and social care is nowhere near what is being said we need to do. so again, political choices here. not to levy the wealth taxes, the proper windfall taxes which could properly give us the money we need to invest in public services right now. instead of that, we have got a government frankly thatis we have got a government frankly that is pursuing political ideology, not economic necessity. not economic necessity. caroline lucas, not economic necessity. caroline lucas. thank not economic necessity. caroline lucas, thank you not economic necessity. caroline lucas, thank you very not economic necessity. caroline lucas, thank you very much, - not economic necessity. caroline lucas, thank you very much, the j lucas, thank you very much, the co leader of the green party and a brighton mp. i promised we would talk about energy specifically, let s do that. i am joined by chief executive of national e

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