There’s a major flaw at the heart of tax systems around the world -- they tax our income but not the whole wealth of the mega-millionaires and billionaires (their investments, stocks, yachts!!). But a wealth tax would force billionaires to pay what they really owe.
In 2021, 137 countries agreed to a new global corporate tax that was unthinkable even a few years ago -- but much more is needed, and a billionaire wealth tax is the next step.
Spain recently adopted a wealth tax to help people with lower incomes, and President Biden just proposed to tax the wealth of the richest Americans! Now all our governments need to get behind taxing the rich -- and a global movement like Avaaz can help make this happen.
G20 countries could agree to this game-changing solution at an upcoming summit -- if they see massive public support for it. Add your name to this growing call, and the Avaaz team will make sure key leaders at the G20 summit hear us.
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We will never stop fighting for the world that most humans aspire to, even if it means daring to face the most powerful. Together, we have challenged the biggest pharmaceutical and tech companies and braved Monsanto. Now we can overcome the influence of the ultra-rich.
With hope and determination,
Laura, Nell, Antonia, Luis, Alice, Lily, Muriel, Marta, Mélanie, Lilian, Ana Paula and the entire Avaaz team
*We use the term “true tax rate” as coined and calculated by ProPublica (2021) to refer to how much is paid in taxes annually in comparison to the estimated growth in wealth during that year. Elon Musk’s true tax rate, based on IRS leaked data, was 3.27% on average between 2014 and 2018.
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