Coronavirus Latest News
Tax on billionaires’ Covid windfall could vaccinate every adult on Earth
Analysis finds 99% levy on pandemic wealth rise could also pay all unemployed $20,000 – and still leave super-rich $55bn richer
Every adult in the world could get a Covid-19 vaccine if the wealth billionaires collected during the pandemic was taxed 99% once, according to an analysis published on Thursday by several groups that advocate for economic equity.
This one-time tax on the world’s 2,690 billionaires could also cover $20,000 in cash paid to all unemployed workers, according to the analysis by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires.
Read the original article at The Guardian