News

American billionaires added $1.1 trillion in wealth during the pandemic

American billionaires have added $US1.1 trillion to their collective wealth during the pandemic. That brings the collective net worth of America’s billionaires – including 46 new ones – to $US4.1 trillion. Meanwhile, millions of Americans remain unemployed and have fallen into poverty. Visit Business Insider’s homepage for more stories. American […]
American billionaires added $1.1 trillion in wealth during the pandemic
Markets

The IMF says governments should consider new wealth taxes to raise cash from the rich as coronavirus slams the global economy

The IMF says countries should consider implementing wealth taxes to raise revenue during the pandemic in a recently released policy paper. In recent years, the IMF has shifted its focus and recommended policies aimed at reducing inequality. Sens. Warren and Sanders helped popularise the wealth tax during their progressive presidential […]
The IMF says governments should consider new wealth taxes to raise cash from the rich as coronavirus slams the global economy
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