NGOs and a millionaire collective call for richest contribution

An annual tax of 2% to 5% on heritages greater than $ 5 million would raise more than $ 2,500 billion, suggest NGOs, including Oxfam. What to vaccinate the planet and get out of the billions of poverty people.

Le Monde with AFP

Several international organizations, including the Oxfam NGO and a collective of philanthropic millionaires, propose to set up a tax on the richest people in the world to bring out billions of other poverty and vaccinating the planet Against COVID-19.

“While billions of individuals struggle to survive during this pandemic, the fortune of billionaires becomes out of control. It can not be fair,” is indignant in a statement Jenny Ricks, World Fight Unquality Movement Coordinator Alliance, one of the collective member organizations.

Monday, an Oxfam report showed that the ten biggest fortunes on the planet, including Jeff Bezos and Elon Musk, had seen the value of their heritage doubling, $ 1,500 billion (more than 1 320 billion euros), during the two years of Pandemic of Covid-19, thanks to the rise in stock market prices of which they are shareholders.

With the Fight Inequality Alliance, the Oxfam NGO, the Institute for Policy Studies, based in Washington, and the Patriotic Millionaires, a wealthy American organization, participate in this call released Wednesday.

The Wealth of the 10 Richest Men Has Doubled, While The Incomes of 99% of Humanity ARE Worse Off Because of Covid19 … https://t.co/jglfkefwxz (@patriotic millionaires)

This set proposes the implementation of an annual fee of 2% for people with more than $ 5 million, by 3% for heritage beyond $ 50 million and 5% after a billion of dollars, which would yield $ 2,520 billion each year.

Health cover and social protection

With this sum, explains the collective, 2.3 billion people would be going out of poverty and all people on the planet could be vaccinated against COVID-19, while many countries today show Hui levels of vaccination desperately low, especially in Africa.

This spacle would also provide universal health coverage and social protection to the 3.6 billion individuals living in low- and middle-income countries, affirms the collective.

Superior taxation from $ 50 million would raise up to $ 320 billion a year, but Jenny Ricks says with the France-Presse agency that choosing a lower tax level is more “realistic”.

These proposals coincide with the traditional annual appointment of the World Economic Forum in Davos (Switzerland), which stands for the second year in line, because of the Omicron variant.

In an open letter to the forum participants, more than 100 millionaires, including members of the Patriotic Millionaires, said Wednesday that the current tax system was “not equitable”. “Every country in the world has to demand that the rich pay their fair share,” says this letter. “Tax we, the rich, and tax us now.”

/Media reports.