The wealth divide in 44 countries — what a wealth tax could mean

“A wealth tax of 2% on the world’s millionaires, 3% on those with wealth above $50 million and 5% on the worlds billionaires would raise $2.52 trillion dollars annually. This would be enough to lift 2.3 billion people out of poverty, make enough vaccines for the whole world, and deliver universal health care and social protection for all the citizens of low and lower middle-income countries (3.6 billion people).”
Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and Patriotic Millionaires joined forced on a new report, “Taxing Extreme Wealth”, co-authored by Omar Ocampo and Chuck Collin, with their report revealing, for each the top 44 countries, the wealthiest individuals, and what such a tax could accomplish. Omar Ocampo joins Jan Miyasaki in the discussion.