Reposted by AB
Albert Einstein reshaped our understanding of the universe. But what would his chances have been if he'd been born in the Central African Republic, one of the world's poorest countries?
And what could the world's poorest children grow up to be if they had his circumstances?
![The UK's health and social care services are increasingly strained by rising demands and widening health
inequalities. The government has decided to cut welfare benefits for people with disability,' with the minister for intergovernmental relations defending the cuts by saying you can't "tax and borrow your way out of the need to reform (the] state." This is in the world's sixth largest economy, where private fortunes continue to grow. Could taxing wealth be a viable approach to address these critical challenges and promote equity across the population?
In simple terms a wealth tax is a tax on a person's or a business's assets, such as their cash and bank holdings, land, and other real estate. There are many ways to tax wealth, including one-off windfall taxes (for example, on a bank or fossil fuel profits) and annual taxes on assets."
Proponents argue that wealth taxes are more equitable and reduce inequality, and are therefore justifiable in terms of social justice alone, that they are a counterweight to unfair economic advantages and excessive influence of the wealthy in politics.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:e5jo2wxiyxyjcgwbjtjdblzo/bafkreiex5wkx73h5a2q3abqi7o6mxghu2ha2aa35vbtieapqitzlgbevwy)