The Case for a Billionaire Tax
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dp-case-for-billionaire-tax-10 ...
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English paper
Publisher(s)
OxfamDocument type
Discussion paperDescription
Ending extreme inequality to end poverty has no lack of policy options: from corporate tax reform to investment in health and education, and from raising the minimum wage to ending gender discrimination. This discussion paper aims to put one of these solutions on the agenda: the billionaire tax.
A global tax of 1.5% on individual net wealth in excess of $1 billion and spent on basic education and health services in poor countries is politically feasible, sufficient to fund universal access to basic education and healthcare, good for economic growth, ethically justified, and could be a catalyst for change.