Ministers of Germany, Brazil, South Africa and Spain: why we need a global tax on billionaires

While the disparity between the richest and poorest countries has slightly narrowed, the gap remains alarmingly high.

In the past two decades, we have witnessed a significant increase in inequalities within most countries, with the income gap between the top 10% and the bottom 50% nearly doubling.

High inequality harms economic development as it inhibits innovation, prevents people from developing their full potential, weakens social cohesion, and hinders necessary structural reforms.

There is a growing global awareness of the importance of sustainable and equitable growth alongside prosperity.

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