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Wealth Tax on the Wealthiest Half of 1%Could Raise $2.1 trillion Annually
The Tax Justice Network recently reported that if all countries enacted a wealth tax on the wealthiest 0.5% of their populations, as Spain did recently, countries would raise $2.1 trillion per year. They noted that this sum is almost twice the entire cost of the external financing that developing nations will need annually to combat climate change.
This year had the hottest January worldwide since C3S records began in 1950,