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Appeal comes as study finds wealth tax on world's richest could raise $2.52 trillion per year enough to pay for COVID vaccines for all, pull 2.3 billion people from poverty ....
A wealth tax on the world’s richest people could raise at least US$2.52 trillion per year, enough to fund COVID-19 vaccines for everyone and lift billions out of poverty, groups including non-profits and millionaires said yesterday. The proposal from a network of non-governmental organizations, social movements and pro-tax millionaires followed reports showing that the world’s wealthiest people have grown richer during the now two-year-old COVID-19 pandemic. “The insane reality is that whilst billions face a daily struggle to survive during this pandemic, billionaire wealth is spiraling out of control. This cannot be right,” Fight Inequality Alliance global convener Jenny Ricks said in ....