As the wealthy converge on Davos to discuss the world’s problems, a case for taxing the rich

As the wealthy converge on Davos to discuss the world’s problems, a case for taxing the rich

A protest against the World Economic Forum in Davos on May 22. | Reuters The billionaires and the political class flocked to Davos in the Swiss Alps yet again to discuss economic concerns and global challenges at the World Economic Forum that began on Sunday. On Monday, non-governmental organisation Oxfam released some pertinent data.

The Covid-19 pandemic, Oxfam said on Monday, has created a new billionaire every 30 hours while one million people could fall into extreme poverty at the same pace amid soaring inflation and a difficult road to recovery.

In India, the wealth of industrialist Mukesh Ambani , for […]

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