
Will Gabriel Zucman's billionaire tax work?
Finshots Daily
Concentration of Wealth and Lost Tax Revenue
The concentration of wealth among a small fraction of the global population leads them to pay only 0.3% of their wealth in annual taxes, resulting in a $200 billion loss in tax revenue for global governments each year. This concentration of wealth has allowed it to grow at an average rate of 7.5% over the last four decades after taxes.
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