Despite the recent expansion of countries globally in many areas and economies, politicians ‘ proposals for a wealth tax often reach a dead end.
According to a report by the”Financial Times”, it is also easy to avoid taxes in some of the countries that impose them, and they were often characterized by multiple deductions that reduced the collected revenues.
According to the OECD, by 2020, taxes were typically collecting less than 1% of total tax revenue.
Governments in Western countries are suffering from rising numbers of elderly people, which means a shrinking workforce and lower tax revenues from wages.
Experts and activists accuse the file of tax evasion as one of the reasons behind the aggravation of inequality between social classes.
According to the data of the “World inequality database”, the United States of America tops the list of countries where 10% of the population owns more than half of the country’s wealth, and therefore it is considered among the most countries suffering from a crisis of inequality between classes as countries are witnessing an unfair distribution of wealth in them.
The richest 10% of the American population owns more than 70% of the country’s wealth, while the richest 1% controls about 35% of the country’s wealth.
In second, third, fourth and fifth place are Colombia, Switzerland, Venezuela and Bolivia, where 10% of the population of each country controls more than 60% of their country’s wealth.
The richest 10% in France, Argentina, Spain, the United Kingdom and Norway each own more than 50% of their country’s wealth.
