America Faces No Greater Threat Than Joe Biden and the Democrat Party. Their Assault to Our Borders Is As Great As Their Assault to Free Speech and Free Elections
Wednesday, January 19, 2022
WHAT THE HELL?!? - TAX THE RICH? - JOE BIDEN IS ATTEMPTING TO CUT TAXES FOR HIS BILLIONAIRE CRONIES - Tax the Rich: World Economic Forum Hears Call for Global Wealth Redistribution
THE DEMOCRAT PARTY FOR BOTTOMLESS BANKSTER BAILOUTS, BILLIONAIRES FOR OPEN BORDERS AND BRIBES SUCKING DEM POLITICIANS
Democrats: $625B Tax Cut for Wealthy Elite ‘Essential’ Ahead of Midterms
Tax the Rich: World Economic Forum Hears Call for Global Wealth Redistribution
The direct imposition of permanent annual taxes on the earnings of the world’s richest individuals could redistribute wealth and lift millions out of poverty, a report presented to the World Economic Forum (WEF) on Wednesday outlined.
Under the globalist proposal, supranational taxation would start at a rate of two percent on wealth over $5 million and progress to five percent on wealth over $1 billion, generating $2.52 trillion. This would be in addition to – and on top of – whatever taxes are imposed at source by individual national authorities.
That is claimed to be enough to cover the cost of two inoculations and a booster for the world’s estimated eight billion people several times over, according to analysis on 66 countries by Fight Inequality Alliance, Institute for Policy Studies, Oxfam and Patriotic Millionaires.
The group says unless heads of state and government and CEOs acknowledge the “simple, effective solution staring them in the face —taxing the rich,” people around the world “will continue to see their so-called dedication to fixing the world’s problems as little more than a performance.”
“The insane reality is that whilst billions face a daily struggle to survive during this pandemic, billionaire wealth is spiraling out of control. This cannot be right,” Jenny Ricks, global convenor of the Fight Inequality Alliance, said in a statement seen by AFP.
The tax proposal was made to coincide with a meeting of the WEF which is taking place online for the second straight year as its Davos gathering was postponed due to the spread of the Omicron variant.
Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab is seen at the opening of the WEF Davos Agenda virtual sessions at the WEF’s headquarters in Cologny near Geneva on January 17, 2022. (FABRICE COFFRINI/AFP via Getty Images)
Klaus Schwab listen Chinese President Xi Jinping, seen on the TV screen, speaking remotely at the opening of the WEF Davos Agenda virtual sessions. (FABRICE COFFRINI/AFP via Getty Images)
The group said a steeper progressive tax, which includes a 10 percent levy on billionaires, would raise $3.62 trillion a year. It added that actual levels of taxation would be country specific.
Ricks told AFP the group chose a lower progressive tax that was on the “realistic side”.
A similar call for global taxes on the rich was made by Pope Francis in 2020 when he said international wealth redistribution needed to be made a priority.
Oxfam said earlier this week the world’s 10 wealthiest men doubled their fortunes to $1.5 trillion during the first two years of the pandemic, as Breitbart News reported.
The open letter to Davos participants maintained the current tax system “is not fair” before claiming the worlds’ 2,660 billionaires now have wealth around the same size as the Chinese economy.
“The world — every country in it — must demand the rich pay their fair share,” the letter says. “Tax us, the rich, and tax us now.”
No recommendation was made on exactly which globalist body would collect the taxation nor who would choose to distribute it.
Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic
As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.
The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.
A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.
These are some of the main points from Oxfam’s latest report, Inequality Kills, which has been released as global business leaders meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland.
“We have a situation where 10 men hold more wealth than that of two-thirds of humanity,” Lyn Morgain, chief executive of Oxfam Australia, told Australia’s ABC news outlet.
“Not only that, but that bottom 40 percent are hanging on by a thread.”
The report highlights what the charity says are “unprecedented” levels of global inequality as coronavirus sharpens the divide between “us and them,” the “haves and have nots.”
Jeff Bezos speaks about his flight on Blue Origin’s New Shepard into space during a press conference on July 20, 2021 in Van Horn, Texas. (Joe Raedle/Getty Images)
Meanwhile the likes of Tesla co-founder Elon Musk, Amazon’s Jeff Bezos, and Facebook’s Mark Zuckerberg, enjoyed the greatest year-on-year growth since records began, the report outlined.
At a time when a group of these men were using their riches to rocket into outer space, the charity said, the World Bank had projected that more than 160 million people had been pushed into poverty.
In all, 20 new “pandemic billionaires” have also been created in Asia thanks to the international response to coronavirus, according to the charity.
Forbes listed the world’s 10 richest men as: Tesla and SpaceX chief Elon Musk, Amazon’s Jeff Bezos, Google founders Larry Page and Sergey Brin, Facebook’s Mark Zuckerberg, former Microsoft CEOs Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, U.S. investor Warren Buffet and the head of the French luxury group LVMH, Bernard Arnault.
The Oxfam report follows a December 2021 study by the group which found that the share of global wealth of the world’s richest people soared at a record pace during the pandemic.
Follow Simon Kent on Twitter:or e-mail to: skent@breitbart.com
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