An Excerpt:

Zucman’s proposal calls for a minimum 2% tax on the fortunes of the world’s roughly 3,000 wealthiest billionaires, which could raise approximately $250 billion globally per year.

See the entire commentary below.

Sincerely,

G20 Nations Take ‘Important Step’ Toward Fair Taxation of Ultra-Rich

“Our proposal for a common minimum tax on billionaires is now on the map. G20 finance ministers have started to engage with it—and there is no going back,” said progressive economist Gabriel Zucman.

https://www.commondreams.org/news/g20-corporate-tax-rates?utm_source=Common+Dreams&utm_campaign=4b69fccb89-Top+News%3A+Fri.+7%2F26%2F24&utm_medium=email&utm_term=0_-3b949b3e19-%5BLIST_EMAIL_ID%5D

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Brazilian Minister of Economy Fernando Haddad, First Lady Rosangela Janja da Silva, and President Luiz Inacio Lula Da Silva stand with other officials during the G20 Task Force meeting to establish a global alliance against hunger and poverty on July 24, 2024 in Rio de Janeiro, Brazil.

(Photo: Wagner Meier/Getty Images)