On Monday, Oxfam called for a 99 percent tax on the world’s richest, suggesting the money be used to fund the production of vaccines for the poor. The group argues the super wealthy benefited from the pandemic as financial stimulus pumped up stocks.
Oxfam International Executive Director, Gabriela Bucher is even comparing the pandemic to World War II while suggesting similar measures must be taken.
“There are several countries considering a wealth tax and, in fact, during during World War II it was done,” she explained. “There was tax at 100 percent to address the extreme effects of the war. So we are in a similar situation of crisis now, so we’re looking at considering that type of measure.”
“We need to question whether we want to continue supporting a system that prioritises profits over people’s lives" @gabucher #DavosAgenda #InequalityKills
— Oxfam International (@Oxfam) January 18, 2022