This post was originally published on Common Dreams – Breaking News & Views for the Progressive Community.
Global Windfall Profit Tax of 90% Needed to Address ‘Catastrophic’ Food, Climate Crises: Oxfam
Taxing the excess profits of large corporations within the G7 alone could raise an estimated $430 billion to fight world hunger, deliver vaccines to the entire world, and make a giant dent in the fight to drive down fossil fuel pollution and jumpstart the necessary renewable energy transition.