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Wealth tax proposed by Egyptian former vice president
[link:https://egyptindependent.com/mohamed-elbaradei-calls-for-imposing-wealth-tax-to-achieve-social-equality/|]
Excerpt
Former Egyptian Vice President Mohamed ElBaradei shed light on the wealth tax imposed on the wealthy after ten people gained huge wealth amounting to US$1.5 trillion in two years after the pandemic.
“100 billionaires and millionaires are proposing to impose a progressive global ‘wealth tax’ to confront severe inequality, ranging from 2% and 5% on those with wealth of $5 million or more.
“100 billionaires and millionaires are proposing to impose a progressive global ‘wealth tax’ to confront severe inequality, ranging from 2% and 5% on those with wealth of $5 million or more.