https://www.taxtmi.com/news?id=30753 The report documents rapid billionaire wealth growth and attributes the majority of that wealth to inheritance, monopoly power, and crony connections, describing it as largely unmerited and reinforced by historical colonial extraction. It calls for fiscal intervention, notably strengthened wealth taxation, and reparations by former colonial powers to recover resources siphoned from poorer countries and to reduce extreme inequality, while highlighting the disproportionate burdens borne by vulnerable workers and migrant women. en-us Mon, 20 Jan 2025 05:31:04 +0530 Mon, 20 Jan 2025 05:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30753 The report documents rapid billionaire wealth growth and attributes the majority of that wealth to inheritance, monopoly power, and crony connections, describing it as largely unmerited and reinforced by historical colonial extraction. It calls for fiscal intervention, notably strengthened wealth taxation, and reparations by former colonial powers to recover resources siphoned from poorer countries and to reduce extreme inequality, while highlighting the disproportionate burdens borne by vulnerable workers and migrant women. News - Mon, 20 Jan 2025 05:31:04 +0530 https://www.taxtmi.com/news?id=30753