Hypercapitalism is killing us. The world's 10 richest men have *doubled* their wealth during this pandemic - while 99% of people have seen incomes fall. A one-off 99% tax on these 10 men's pandemic windfalls could fund vaccines for the world says @Oxfam. oxfam.org/en/press-relea…
@KateRaworth @Oxfam Why one-off?!! They should not be exempt from paying tax at all!
@KateRaworth @evaninsky @Oxfam The world does not need vaccins!
@KateRaworth @Oxfam Oxfam International’s Exec. Dir. Gabriela Bucher: “If the world’s ten richest men were to lose 99.999 % of their wealth tomorrow, they would still be richer than 99 % of all the people on this planet. They now have six times more wealth than the poorest 3.1 billion people.” #mad
@KateRaworth @Oxfam The argument I usually hear against this is that their wealth isn't cash, it's shares, so the only way that they could pay a 99% tax would be to sell that amount of shares,which would trigger a major economic crisis because the market would go nuts. What could be done about that?
@KateRaworth @Oxfam So, Pfizer and all are not creating enough vaccine, because they haven't been paid enough money?
@KateRaworth @Oxfam No one earns that much money. I think it’s greed and selfishness. About time society started to look upon this amount of money accumulated by so few as a really bad thing. It’s not enriching our lives,or reducing the amount of carbon .
@KateRaworth @Oxfam No one NEEDS that amount of wealth. It is obscene and disgusts me. They would not need a wealth tax if they gave it away but they don't. They tie it up in foundations for tax relief. They decide who benefits from their "charity" and its rarely those who are most in need.
@KateRaworth @Oxfam When you say governments plural do I assume you mean for effective taxation there needs to be international cooperation?