Wealth tax in the guise of deemed income
Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition anywhere in the world they will censure Pakistan for its ‘presumptive’ and ‘minimum’ tax…
Wealth tax
Our politicians, flush from millionaire/billionaire campaign ‘contributions,’ like to pretend that the cost of dealing with the climate and biodiversity crises is prohibitively expensive and pretend that we should wait…
Economic recovery, inequality, corruption, and wealth tax
January 2022 update of the IMF’s (International Monetary Fund’s) flagship report ‘Global Economic Outlook’ (GEO) revised global economic growth forecast for the current year downwards. As per GEO’s October 2021,…
Wealth tax
Critics point out how the growing gap in wealth among Americans is not a random economic trend but a politically driven plan to protect a select group’s capital and their…
Wealth tax
What should good societies do when a wealthy few reap enormous financial windfalls during a global pandemic? While millions lost their lives, livelihoods, health and wealth, the world’s billionaires and…
Wealth taxation
THE global discussion on taxation is as much about utilitarian efficiency as it is about fairness. At the same time, a dominant theme of this discussion uses a utilitarian framing…
An emergency wealth tax
Hundreds of thousands of Americans have died from Covid-19 and over 32 million have lost their jobs. US households lost an estimated $6.5 trillion in wealth during the first quarter…
Taxing wealth
On April 25, Twitter’s board of directors announced an agreement to sell the company to Elon Musk, the world’s wealthiest person, for $44 billion. That sounds like a lot of…
Taxing extreme wealth
On April 25, Twitter’s board of directors announced an agreement to sell the company to Elon Musk, the world’s wealthiest person, for $44 billion. That sounds like a lot of…
Don’t beg, just tax the wealthy
For decades our leaders and elite have chosen to beg and borrow overseas, even to deliver the very basic functions of state. No wonder we are known as a begging…
