Tag Archives: Program on Inequality and the Common Good

Tax on Global Mega-Rich Could Help Lift 2.3 Billion Out of Poverty

“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.”

By Jake Johnson.  Pubished 1-18-2022 by Common Dreams

Photo: Bryan Ledgard/Wikimedia Commons/CC

A new analysis released Tuesday estimates that an annual wealth tax targeting the world’s millionaires and billionaires would raise enough revenue to lift 2.3 billion people out of poverty, provide universal healthcare to the people of low- and middle-income nations, and produce enough coronavirus vaccines to meet global demand.

“During 2021, we witnessed the epidemic of Covid-19 and wealth-hiding, and it’s time to reverse course.” Continue reading

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