PROFITING FROM PAIN The urgency of taxing the rich amid wealth and a global costofa surge in billionaire living crisis

Billionaire wealth has soared during the COVID19 pandemic as companies in the food, pharma, energy, and tech sectors have cashed in. Meanwhile millions of people around the world are facing a costofliving crisis due to the continuing effects of the pandemic and the rapidly rising costs of essentials, including foo d and energy. Inequality, already extreme before COVID19, has reached new levels. There is an urgent need for governments to implement highly progressive taxation measures that in turn must be used to invest in powerful and proven measures to reduce inequalities.