Tax on the Rich Could Pay for Global Vaccinations, Study Says

A progressive wealth tax on the world’s richest individuals could pay for every person on the planet to be fully vaccinated, and lift a swathe of its population above the poverty line, according to a group of researchers.

Taxation would start at a rate of 2% on wealth over $5 million and progress to 5% on wealth over $1 billion, generating $2.52 trillion -- enough to cover the cost of two inoculations and a booster for the world’s estimated 8 billion people several times over, according to analysis on 66 countries by Fight Inequality Alliance, Institute for Policy Studies, Oxfam ...