It's likely that slightly more than 10% of billionaires have funded relief efforts, but chose to do so privately or not in their own name, Wealth-X noted. The firm also said it expects more billionaires to make donations by the end of the year.
Even though most billionaires aren't voluntarily funding COVID-19 relief efforts, some predict they may indirectly end up doing so anyway, through new wealth taxespreviously reported that countries across the globe might resort to raising taxes on their highest earners to cover the costs of fighting the pandemic, according to Luigi Pigorini, Citigroup's private bank head for Europe, the Middle East, and Africa.
The International Monetary Fund, an organization of 189 countries working to foster global monetary cooperation and stability, also
How else do you think the other 90% became billionaires? 🤷🏿♂️
news flash. 9 out of 10 people obsessed with money are not generous.
They do not need to do it. Central Banks will print all relief need and if you need to wallpaper your house they will match that need aswell RossiAndres
Because 90% of them know it’s political BS
They're making bank off it. More to hoard from the economy.
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