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A one-time tax on the billionaires’ collective wealth earned during the pandemic could finance vaccines for all adults across the globe, according to a new report. Drawing on data from Forbes,…

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A one-time tax on the billionaires’ collective wealth earned during the pandemic could finance vaccines for all adults across the globe, according to a new report.

Drawing on data from Forbes, analysts from Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires, found the world’s billionaires accrued $5.5 trillion since the beginning of the pandemic. A 99 percent tax — totaling $5.455 trillion — on pandemic-era gains, they suggest, could fund worldwide vaccines with enough cash remaining to offer $20,000 to all unemployed workers.

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Read the full article at The Hill.

As the Taliban on Friday made further gains in control over territory—uprooting thousands of Afghan civilians—longtime critics of the Afghanistan war say the current situation is an “inevitable” outcome of the United States’ doomed and deadly two-decade military pursuit that’s cost over 2 trillion dollars and untold human death and suffering.

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Read the full article at Common Dreams.

While the global COVID-19 pandemic has been devastating for most people in the world, for a select group of people it has been a boom time: billionaires. That group has seen their wealth skyrocket by a combined $5.5 trillion since the beginning of the pandemic, according to data from Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies, and the Patriotic Millionaires. And it’s those groups that are now calling for a one-time tax on billionaires to help stem the devastating health and economic impact of the pandemic on the rest of the people on the planet.

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Read the full article at Fast Company.

Billionaires around the world added around $5.5 trillion to their wealth during the pandemic — and a 99% tax on those gains could help vaccinate the world.

That’s according to a new report from Oxfam, the Fight Inequality Alliance, and the left-leaning Institute for Policy Studies and Patriotic Millionaires.

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Read the full article at Business Insider.

Every adult in the world could get a Covid-19 vaccine if the wealth billionaires collected during the pandemic was taxed 99% once, according to an analysis published on Thursday by several groups that advocate for economic equity.

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Read the full article at The Guardian.

Los 17 meses de crisis económica que han transcurrido bajo la pandemia de Covid-19 han sido más rentables para los multimillonarios del mundo que los 15 años anteriores, estableció un reporte publicado este miércoles. Mientras 114 millones de personas en el mundo quedaron desempleadas, 200 millones fueron empujadas a la pobreza, y 15 mil 840 mueren a diario por hambre y desnutrición, la riqueza de los magnates aumentó 69 por ciento, de acuerdo con organizaciones internacionales.

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Read the full article at La Jornada.

A one-time 99% tax on billionaires’ massive pandemic wealth gains would raise enough revenue to pay for coronavirus vaccines for every adult on Earth — and provide each of the hundreds of millions of unemployed workers around the world with a $20,000 cash grant.

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Read the full article at Common Dreams.

If  governments around the world put an excess profits tax on the 2,690 billionaires whose wealth radically increased during the pandemic, it would raise enough money to vaccinate everyone on Earth and give $20,000 cash to every unemployed worker.

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Read the full article at 48 Hills.

A one-off 99% tax on the wealth gains of billionaires made during the pandemic would pay for everyone in the world to be vaccinated for the coronavirus, according to research by…

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Read the full article at Law360.

John Cavanagh, Senior Advisor at the Institute for Policy Studies, talks about the life and career of Richard Trumka, mineworker, labor-leader, and former head of the AFL-CIO, following his recent death on August 5th.

Listen to the full interview at WORT-FM.
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