A Tiny 3% Tax on Global Billionaires Could Save 30 Million Lives by 2030: Lancet Study

A recent study published The Lancet suggests that taxing the ultrarich would be the simplest way to plug funding gaps faced by crucial life-saving programs. Specifically, the peer-reviewed study found that a hitting the world’s billionaires with a 3% wealth tax would raise enough money to save up to 29.5 million lives in the world’s most vulnerable populations over the next four years leading into 2030 (emphasis added).