UN calls for international tax on billionaires to transfer wealth to poor

The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries.

An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate.

The annual World Economic and Social Survey says it is critical to find new ways to help the world’s poor as pledged cash fails to flow.

The report estimates that the number of people around the globe worth at least $1 billion rose to 1,226 in 2012.

There are an estimated 425 billionaires in the United States, 315 in the Asia-Pacific region, 310 in Europe, 90 in other North and South American countries and 86 in Africa and the Middle East.

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Photo credit: Jorbasa

  • Daniel

    Great, just what we need. In ineffectual organization that is known for corruption, mismanagement, and talk and no action being given billions of dollars to help the world’s poor. We might as well hand over the cash to the world’s most vicious dictators, inept regimes, and ant-freedom loving leaders.

  • CSN

    Well, that counts me out. How about Penney-aires??? I wouldn’t know what to do with all that money. Just make me a Millionaire and I’ll be just fine with that. I believe their is something going around about “Distributionism”. It’s another form of Communism, but dummies fall for it. Of course the Communist UN would want to break up the wealth. I do believe the rich should help the poor voluntarily, but that is between them and God. I know I couldn’t have that much money, and not give to the poor of the world who need help. Food and Water and Shelter is what the poor need most, then a job and an occupation. Taxing the rich won’t give them a job.