By the way, a tax of up to 5% on the world’s multi-millionaires and billionaires could raise $1.7 trillion/year.
That would be enough to lift 2 billion people out of poverty and fund a global plan to end hunger.
We can't afford NOT to tax the rich.
@rbreich Have you already figured out how to stop tax avoidance by the rich with the current tax rates, however small they are? Cause if not, this idea is entirely theoretical...
Only once you can make billionaires pay the tax they already owe on the wealth they really control it would make any sense to discuss if their share is fair.
Robert Reich
grepe