> Oxfam described the summit as a ‘real litmus test for G20 governments’, urging them to implement an annual net wealth tax of at least eight per cent on the ul

> Oxfam described the summit as a ‘real litmus test for G20 governments’, urging them to implement an annual net wealth tax of at least eight per cent on the ultra-wealthy. All the governments should agree and play along. As soon a few don't, the wealth will flow there. It's seems trivial, to just increase the tax from 7% to 8%, what's the big deal, just 1% more. But there is a country which for some reason thinks it can profit more from the wealthy moving their money there so they set their rate at 7.5%. The critical part is that wealthy lobby (i.e. bribe) politicians and have enough resources to drum up support from the public via various interest groups and so on. In public they'll agree with the need for more taxes, and more environment protections, all the feel-good topics. But behind the scenes, they'll put the finger on the scale in their favor.