"A progressive tax of between just two and five per cent on personal wealth above $5 billion (itself a fortune that nobody needs) could generate $2.5 trillion, lift 2.3 billion people out of poverty, vaccinate the world against Covid-19, fund universal healthcare and provide social protection for 3.6 billion people."
(New Internationalist, January-February 2023, pp 20-21)
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@villavelius Sounds good to me, but that is exactly the opposite of what our so-called representatives are trying to ram through: the 30% flat tax. And the irony is that if they get it, they will blame the ill effects on progressivism, and many will believe them.
@ambulocetus The law of conservation of misery applies widely in politics, it seems.