The 'Patriotic Millionaires' group has proposed a wealth tax that could generate $2.52 trillion a year in an open letter to the World Economic Forum
released its latest study that found the world’s ten richest people more than doubled their fortunes during the last two years of the pandemic.
This increase occurred “at a rate of $15,000 per second or $1.3 billion a day,” their briefing titled ““If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” Oxfam’s Executive Director Gabriela Bucher said.
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