Oxfam is proposing a wealth tax of 1%. This would raise an estimated $418 billion a year – enough to educate every child not in school and provide healthcare that would prevent 3 million deaths. Will it happen? Of course not!
Oxfam’s director of campaigns and policy, Matthew Spencer, said:
The way our economies are organised means wealth is increasingly and unfairly concentrated among a privileged few while millions of people are barely subsisting . . . It doesn’t have to be this way – there is enough wealth in the world to provide everyone with a fair chance in life. Governments should act to ensure that taxes raised from wealth and businesses paying their fair share are used to fund free, good-quality public services that can save and transform people’s lives
https://www.theguardian.com/business/20 ... fam-report