Billionaires haven’t let the COVID crisis go to waste

The sheer costs of COVID-19 are clearer by the day. As the pandemic expands so there is growing concern over not only the direct costs but the longer-term economic damage, and much talk of substantial increases in taxes to pay for it all.A column in this series six months ago put this in perspective by reminding us of the high levels of wealth in the UK in the hands of a few thousand people, which suggests that windfall taxes might be a good place to start.More recently, in early August, the British government put out a revised estimate of the cost of the pandemic at a little over £200 billion…

Read More