US EditionSome Economists Have Called for a Radical 'Global Wealth Tax' on Billionaires. How Would that Work?
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7 Articles
Economists Explain How A 'Global Wealth Tax' On Billionaires Would Work
Earlier this year, I attended a housing conference in Sydney. The events opening address centred on the way Australia seems to be becoming like 18th-century England a country where inheritance largely determines ones opportunities in life.
Some economists have called for a radical 'global wealth tax' on billionaires. How would that work?
Earlier this year, I attended a housing conference in Sydney. The event's opening address centered on the way Australia seems to be becoming like 18th-century England—a country where inheritance largely determines one's opportunities in life.
The Zucman tax will be examined on Thursday 12 June during the parliamentary niche of the group Ecologist-Solidarity and Territories. A bill for a 2% floor tax on billionaire wealth that meets a strong citizen expectation, recalls a trans-party collective of more than 200 elected.
The European Commission has commissioned a feasibility study on "Wealth-related taxes", i.e. rich taxes. Results are expected to be available this year.
Billionaires pay half as much tax as the French. To correct this inequality, economists and experts, such as Quentin Parrinello, propose taxing them 2%. The idea will be debated in the Senate on June 12. Quentin Parrinello is Director of Public Policy at the European Tax Observatory. This institute is proposing a 2% tax on the wealth of billionaires. This idea, studied within the framework of the G20 and in several (…) Read more Interview / Econ…
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