Tax on Extreme Wealth – Page 2 – THE OVAL CIRCLE

British experts call for wealth tax as elite 1% owns quarter of UK wealth

Posted on January 4, 2021January 4, 2021By Editor

Nearly a quarter of household wealth in the UK belongs to the richest one percent of the country’s population, according to the latest research by Resolution Foundation, which has sounded the alarm over growing inequality. … Read More >British experts call for wealth tax as elite 1% owns quarter of UK wealth

Argentina passes one-time personal wealth levy dubbed ‘millionaires’ tax’ to cover Covid-19 damage

Posted on December 6, 2020December 6, 2020By Editor

Argentina has approved an extraordinary levy on large personal wealth. The measure is meant to raise some $3.6 billion to fund recovery after the Covid-19 pandemic. Critics say it’s not an option for the stagnant economy. … Read More >Argentina passes one-time personal wealth levy dubbed ‘millionaires’ tax’ to cover Covid-19 damage

USA

‘Billionaires should not exist’: Is Bernie Sanders’ wealth tax too extreme for America?

Posted on October 1, 2019November 19, 2019By Editor

Democrat 2020 contender Bernie Sanders has unveiled an ambitious wealth tax proposal, promising to slash the fortunes of America’s uber-rich. Is his plan an existential threat to the wealthy or mere election bluster? … Read More >‘Billionaires should not exist’: Is Bernie Sanders’ wealth tax too extreme for America?