Tax on billionaires’ Covid windfall could vaccinate every adult on Earth

Jeudi 26 août 2021

Tax on billionaires’ Covid windfall could vaccinate every adult on Earth

Analysis finds 99% levy on pandemic wealth rise could also pay all unemployed $20,000 – and still leave super-rich $55bn richer

Amanda Holpuch in New York @holpuch Thu 12 Aug 2021 16.03 BST

Every adult in the world could get a Covid-19 vaccine if the wealth billionaires collected during the pandemic was taxed 99% once, according to an analysis published on Thursday by several groups that advocate for economic equity.

This one-time tax on the world’s 2,690 billionaires could also cover $20,000 in cash paid to all unemployed workers, according to the analysis by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires.

That tax would still leave the billionaires with $55bn more than they had before the pandemic, the analysis said.

Morris Pearl, the former managing director of BlackRock, the world’s largest asset manager, said in a statement countries could no longer bear “the surge in global billionaire wealth as millions of people have lost their lives and livelihoods”. Lire la suite.

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