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Millionaires want to pay more tax to fund global economic recovery

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A group of 80 wealthy individuals are calling for an immediate higher taxation as Covid-19 cripples economies

More than 80 millionaires on Monday urged governments around the world to tax the super-wealthy much more to help fund the global recovery from the coronavirus outbreak.

Signatories included Ben & Jerry’s ice cream cofounder Jerry Greenfield, screenwriter Richard Curtis and filmmaker Abigail Disney.“As Covid-19 strikes the world, millionaires like us have a critical role to play in healing our world,” the letter read.“We are not driving the ambulances that will bring the ill to hospitals. We are not restocking grocery store shelves or delivering food door-to-door.

In the UK, the Institute of Fiscal Studies think-tank has said higher taxes were inevitable for many, not just the super-wealthy.

 

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