Proposed 2% Tax on Billionaires Could Raise $250B for Public Investment
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A 2% tax on billionaires could raise $250 billion annually for public investment and to address inequality.
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The tax rate is low compared to billionaires' 7% average annual wealth growth since 1995.
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Revenue could help fund education, healthcare, infrastructure, and the transition to net zero emissions.
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It could improve tax compliance and facilitate broader reforms.
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Billionaires are a small, visible group, making the tax easier to implement than taxing the full ultra-rich population.