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The Case for a Billionaire Tax

The Case for a Billionaire Tax
12 pages

Jacobs, Didier

Publication date
10 Jan 2017



Discussion paper

Ending extreme inequality to end poverty has no lack of policy options: from corporate tax reform to investment in health and education, and from raising the minimum wage to ending gender discrimination. This discussion paper aims to put one of these solutions on the agenda: the billionaire tax.

A global tax of 1.5% on individual net wealth in excess of $1 billion and spent on basic education and health services in poor countries is politically feasible, sufficient to fund universal access to basic education and healthcare, good for economic growth, ethically justified, and could be a catalyst for change.