May 29, 2022

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ElBaradei tweets about 100 billionaires and millionaires and proposes to impose a "wealth tax"

ElBaradei tweets about 100 billionaires and millionaires and proposes to impose a “wealth tax”

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.

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. “

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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