Here's Gabriel Zucman's report to the G20 on how a global tax on billionaires would work and how much it would raise; $250bn a year, since you asked.
Hew recommends a tax of 2% on global wealth, with any billionaires already paying income tax to that level (i.e. equivalent of 2% of their wealth) would be exempted.
including people with a global net worth of $100mn + would raise another $100bn a year.
It will be intersting to see what the G20 make if it.
#inequality
https://gabriel-zucman.eu/files/report-g20.pdf
Emeritus Prof Christopher May /
npub12p…zzvxn
2024-06-25 18:09:57
Author Public Key
npub12pw99cs5a6j6r56yafxt355j8h38hhw6fh3zwunhj99m3gv3nfds7zzvxnPublished at
2024-06-25 18:09:57Event JSON
{
"id": "0417ea43920eaf6dbb06cb4ec78d570d8745314b0bb0bd470b25d1d9b618327f",
"pubkey": "505c52e214eea5a1d344ea4cb8d2923de27bddda4de2277277914bb8a1919a5b",
"created_at": 1719338997,
"kind": 1,
"tags": [
[
"t",
"inequality"
],
[
"proxy",
"https://zirk.us/@ChrisMayLA6/112678600558990039",
"web"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/112678600558990039",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://zirk.us/users/ChrisMayLA6/statuses/112678600558990039",
"pink.momostr"
],
[
"expiration",
"1721931000"
]
],
"content": "Here's Gabriel Zucman's report to the G20 on how a global tax on billionaires would work and how much it would raise; $250bn a year, since you asked.\n\nHew recommends a tax of 2% on global wealth, with any billionaires already paying income tax to that level (i.e. equivalent of 2% of their wealth) would be exempted.\n\nincluding people with a global net worth of $100mn + would raise another $100bn a year.\n\nIt will be intersting to see what the G20 make if it.\n\n#inequality\n\nhttps://gabriel-zucman.eu/files/report-g20.pdf",
"sig": "f55a89877da7ec8980decd221f24efcf110c44e7169ddd4e50024504b49d4cfdc4fe2013c26456d8e4728aff71aa9e22e3c18711cd0cf1b93573995557b5b436"
}