United Nations Calls For A Tax On The World’s Billionaires

The United Nations has called for a tax on the world’s billionaires as part of a package that it claims could raise more than $400 billion a year for poor countries. The announcement came on Thursday after the annual World Economic and Social Survey indicated that it is critically necessary to find new ways to help the world’s poorest nations, as pledged cash continues to fall short. According to the report, a 1 percent tax on the world’s 1,226 billionaires would raise more than $46 billion.

Angela Guo