{"id":28729,"date":"2023-06-20T13:46:36","date_gmt":"2023-06-20T12:46:36","guid":{"rendered":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=28729"},"modified":"2023-06-20T13:47:08","modified_gmt":"2023-06-20T12:47:08","slug":"the-case-for-a-wealth-tax-becomes-stronger-every-day","status":"publish","type":"post","link":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=28729","title":{"rendered":"The case for a wealth tax becomes stronger every day"},"content":{"rendered":"\n<blockquote>&#8220;Tax extreme wealth to pay for the climate-related damage to the poorest, a group of more than 100 leading economists have urged.\n<p>\nA wealth tax on the fortunes of the world\u2019s richest people would raise trillions of dollars that could be spent on helping poorer countries shift their economies to a low-carbon footing, and on \u201closs and damage\u201d, the rescue and rehabilitation of countries stricken by climate disaster.\n<p>\nA 2% tax on extreme wealth would yield about $2.5tn a year, by recent estimates.\n<p>\nThe economists, including the prominent degrowth advocate Jason Hickel, have written a letter to world leaders before a global summit on finance this week. They are calling for a tax of 1.5% for 1.5C to help ensure the world limits global temperature rises to 1.5C above pre-industrial levels.&#8221;<\/blockquote>\n\n\n\nThis is the beginning of <a href=\"https:\/\/www.theguardian.com\/environment\/2023\/jun\/19\/wealth-tax-help-poorer-countries-tackle-climate-crisis-economists\">a short article<\/a> in today&#8217;s &#8220;Guardian&#8221;. I very much support the case for a wealth tax. We need such a tax to support countries hit by climate change and to boost national government programmes addressing healthcare.\n\n\n\nSome 14 years ago, I wrote a short article which featured debate in the British political arena over the introduction of a wealth tax. You can read it <a href=\"http:\/\/www.rogerdarlington.me.uk\/Story9.html\">here<\/a>.\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Tax extreme wealth to pay for the climate-related damage to the poorest, a group of more than 100 leading economists have urged. A wealth tax on the fortunes of the world\u2019s richest people would raise trillions of dollars that could be spent on helping poorer countries shift their economies to a low-carbon footing, and on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-28729","post","type-post","status-publish","format-standard","hentry","category-world-current-affairs"],"_links":{"self":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/28729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28729"}],"version-history":[{"count":5,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/28729\/revisions"}],"predecessor-version":[{"id":28734,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/28729\/revisions\/28734"}],"wp:attachment":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28729"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}