4. The super-rich are taxed at a dangerously low rate
Billionaires paid a low tax rate of 3% while most people with less money, like nurses and teachers, paid far more. If multi-millionaires paid a 2-3% wealth tax rate and billionaires paid a 5% wealth tax rate globally, it would raise $1.7 trillion a year. This money could be used for underfunded social programs, environmental policies, and economic programs. This would reduce the stress of necessities like the cost of childcare and healthcare.
With this tax rate, 2 billion people could be lifted out of poverty. We need to reduce inequality to end poverty and injustice. Increasing taxation up to 5% for the richest people in the world would be a strong step toward equality
The focus should be on improving the effectiveness of tax systems generally rather than targeting billionaires specifically.
Maybe, generally the opinion of those people will widen the social and economic center of attention. Yeah. The focus should be on increasing the effectiveness of the tax system as you wrote, and in my view it is very logical if the government is a bit calculating if the taxes set against them can have a negative impact on economic growth and investment. But, Just wait the time, the game can be reversed at any time. The government has its own way of doing this.