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UN Chief Backs Wealth Tax on Rich Who ‘Profited’ From Pandemic

  • Guterres cites $5 trillion increase for world’s richest
  • UN leader says he wants to reduce ‘extreme inequalities’
Bloomberg business news
Richest 1% Hiding Income

United Nations Secretary-General Antonio Guterres is calling on nations to institute a wealth tax to help reduce global inequality exacerbated by the Covid-19 pandemic.

There has been a $5 trillion surge in the wealth of the world’s richest in the past year even as those at the bottom were made increasingly vulnerable, Guterres told a UN economic and social forum on Monday.