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Billionaires around the world added around $5.5 trillion to their wealth during the pandemic — and a 99% tax on those gains could help vaccinate the world.
That’s according to a new report from Oxfam, the Fight Inequality Alliance, and the left-leaning Institute for Policy Studies and Patriotic Millionaires.
The analysis looks at the impact of a potential one-time tax on pandemic-era billionaire gains, using Forbes real-time data to track net worths. The report finds that the world’s 2,690 billionaires added staggering amounts to their fortunes, with their cumulative wealth growing more since March 2020 than details ⇒
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