Can billionaires' wealth be taxed with a special levy?
The Latvian Radio programme "(ne)Diplomātiskās pusdienas" examines why imposing a special tax on billionaires' wealth is hard to carry out. Economic inequality remains one of the most significant social problems in Europe.
A Latvian Radio programme, "(ne)Diplomātiskās pusdienas", looks at whether billionaires' wealth should be subject to a special tax. The topic matters because economic inequality remains one of the most significant problems facing society.
Millions of Europeans pay income tax, yet inequality persists. That can make a higher tax on the very wealthy, billionaires in particular, look like an obvious answer.
The programme's authors point out that this is not as easy to do as it first appears. Taxing the almost incomprehensible wealth of billionaires with a special levy runs into challenges, and these are what the programme analyses.
