“A one-off 99 percent levy on billionaires’ wealth gains during the pandemic could pay for everyone on Earth to be vaccinated against COVID-19 and provide a $20,000 cash grant to all unemployed workers, according to new analysis released today by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires. The organizations are calling on governments to tax the ultra wealthy who profited from the pandemic crisis to help offset its costs.”
… and then let’s realise that this works really well and address the non-pandemic windfalls!
Read Economics in one lesson and it will explain why taxes dont work.
Reading more than one book typically provides a better overview. A statement like “taxes don’t work” doesn’t really match reality, neither today’s nor the one in the recorded history…