Expert panel says report on gap in global wealth between rich and poor highlights need for intervention by G20
More than $70tn (£53tn) of inherited wealth will pass down the generations across the world over the next decade, widening inequality and highlighting the need for intervention by the G20 group of leading nations, a group of economists and campaigners have warned.
In a report ahead of the G20 meetings in Johannesburg, hosted by the South African government later this month, the expert panel said the gap in global wealth between rich and poor will widen over the next decade without a permanent monitoring group such as the UN Intergovernmental Panel on Climate Change.
The Nobel prize-winning economist Joseph Stiglitz said the report, commissioned by the South African president, Cyril Ramaphosa, found inequality growing in more than eight in 10 of the world’s countries.
Glad you’re giving it a go, are there any cogent arguments being made against it or just the usual “I got mine, it’ll trickle down if you’re a good consumer” nonsense?
Hope ya’ll find a way to make it work!
Most ads I see against it claim that our taxes will increase because all the rich people will simply leave. And that it is to radical, should have gone with a far higher number than 50 Million and a lower tax rate. Pretty sure they would still say that no matter what the numbers are.