“Yes — extreme wealth is a policy failure”
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A global billionaire tax would impose an annual levy on the world's wealthiest individuals, typically proposed at 1-2% of net worth. Proponents argue it addresses wealth inequality and funds public services, while critics contend it risks capital flight, business disruption, and enforcement challenges across borders. The debate has intensified as wealth concentration reaches historic levels, with several countries—including California and Switzerland—recently considering or rejecting such measures.