Millionaires are calling for an emergency tax on billionaires
Groups are urging a one-time tax on the $5.5 trillion in wealth billionaires gained during the pandemic to fund unemployment grants and vaccinate the world.
While the global COVID-19 pandemic has been devastating for most people in the world, for a select group of people it has been a boom time: billionaires. That group has seen their wealth skyrocket by a combined $5.5 trillion since the beginning of the pandemic, according to data from Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies, and the Patriotic Millionaires. And it’s those groups that are now calling for a one-time tax on billionaires to help stem the devastating health and economic impact of the pandemic on the rest of the people on the planet.
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The groups are calling for a one-time 99% tax on the wealth that billionaires accumulated during the pandemic, which would raise $5.4 trillion, which in turn would cover the cost of fully vaccinating every person on the planet while also cover giving a $20,000 cash grant to everyone on the planet who has become unemployed during the pandemic.
https://www.fastcompany.com/90665399/millionaires-are-calling-for-an-emergency-tax-on-billionaires
“a one-time 99% tax “
Unbelievable. They should direct their tax to the CCP.
It is funny to see the very people who have fostered & promoted these Communists are now being attacked by them.
I hope these Patriotic Millionaires have given their fair share.
Who We Are
https://patrioticmillionaires.org/who-we-are/
Hahahaha! A tax I can sort of get behind, LOL!
This will be passed when pigs fly, but am relishing the thought of the possibility.