Dubai, United Arab Emirates (CNN) – Former Egyptian Vice President Mohamed ElBaradei has shed light on the “wealth tax” on the rich after $ 1.5 trillion in assets acquired by 10 people in two years due to the epidemic.
100 billionaires and millionaires, proposing a progressive global “wealth tax” of 2% to 5% on those with assets of $ 5 million or more to face massive inequality; Its income is $ 2.5 trillion, which will lift 2.3 billion people out of poverty and give them human lives. Social justice is a necessity and a possibility.
It came on ElBaradei’s tweet on his Twitter page, where he said: “100 billionaires and millionaires are proposing to impose a progressive global ‘wealth tax’ to combat severe inequality, which ranges from 2% to 5% on those with $ 5 million in wealth. Millions or more; Their income is $ 2.5 trillion and will save 2.3 billion people from the cycle of poverty and provide them with human life. Social justice is a need and a possibility. “
For your information: Wealth tax is already levied in many countries such as Switzerland, Argentina and Colombia, which is discussed in other countries. The current proposal is to implement it not as an option but as a bond line. To be treated
He continued, “Wealth tax is already levied in many countries, such as Switzerland, Argentina and Colombia, and is being discussed in other countries. The current proposal is to implement it as a restrictive tax. . “
In a separate tweet, ElBaradei said: “Millions of people in our Arab world are suffering from famine and misery as a result of armed conflict. Can’t we make ‘efficient’ nations meet their human needs? (My Lord extends their livelihoods.
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