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Ten richest men double their fortunes in pandemic while 99 percent incomes fall
- _aavaa_ 5y ago> Oxfam recommends that governments urgently: > Claw back the gains made by billionaires by taxing this huge new wealth made since the start of the pandemic through permanent wealth and capital taxes. These fortunes are mostly in the form unrealized capital gains due to the stocks these people hold. If we tax unrealized capital gains, can we also write off unrealized capital losses? > Invest the trillions that could be raised by these taxes toward progressive spending on universal healthcare and social protection, climate change adaptation, and gender-based violence prevention and programming. If we can print trillions of dollars, why bother with "claw[ing] back the gains"?