The wealth of billionaires is growing very fast (7-9%/year). Let's be clear: a 2% wealth tax is an important first step, but it won't be enough to stabilize the ⤴️ concentration at the top. 5-10% is the minimum to stop inequality from rising. These questions must be part of open, democratic debates.
Reposted from
World Inequality Lab
Want to #TaxTheRich? Try the new version of the Global #WealthTax Simulator 🎛️
✔️Select any region/country or the world as a whole
✔️Input your preferred tax rates
✔️Adjust depreciation or tax evasion parameters
✔️See how much revenue you'd raise
▶️ wid.world/news-article...
We tested with France 👇🇫🇷
✔️Select any region/country or the world as a whole
✔️Input your preferred tax rates
✔️Adjust depreciation or tax evasion parameters
✔️See how much revenue you'd raise
▶️ wid.world/news-article...
We tested with France 👇🇫🇷
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