PARIS, Jan 19 ― A wealth tax on the world's richest people could raise at least US$2.52 trillion per year, enough to fund Covid vaccines for everyone and lift billions out of poverty, groups including non-profits and millionaires said today.
The tax proposal was made to coincide with a meeting of the World Economic Forum, which is taking place online for the second straight year as its Davos gathering was postponed due to the spread of the Omicron variant. This would raise US$2.52 trillion, which could help pull 2.3 billion people out of poverty and produce vaccines for the entire planet.
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