Tax the rich? Post-pandemic recovery idea finds favour in UK

London (AFP) – In billionaire-friendly Britain, where the global coronavirus outbreak has hit hard, the idea of making the wealthiest pay more tax to help economic recovery is gaining ground.Mass unemployment, bankruptcies and other potential shocks could hit the richest but supporters of tax reform say they should still shoulder more of the burden.Britain’s wealthiest have seen tens of billions of pounds wiped off their annual combined wealth — the first fall in a decade, according to the Sunday Times “Rich List”.The respected ranking of the country’s 1,000 richest people found they had coll…

Read More