A wealth tax could help poorer countries deal with the climate crisis, economists say
A group of more than 100 leading economists has called for a tax on extreme wealth to pay for climate-related damages for the poorest. A wealth tax on the wealth of the world's richest people would raise trillions of dollars that could be spent on helping poorer countries transition their economies to a low-carbon basis and on "loss and damage", rescuing and rebuilding countries hit by climate disaster. A 2% tax on extreme wealth would bring in about $2.5 billion a year, according to recent estimates. (Fiona Harvey)
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