#GlobalSolidarityLeviesTaskForce also considers a tax on financial transactions: A tax of 0.5% on the value of stock transaction = $270B/yr. 30 countries already have such a tax; France earmarks part of its levy for climate/development. A 0.1% tax on cryptocurrency transactions = $16B/yr
#GlobalSolidarityLeviesTaskForce also proposes a #billionairetax. An annual tax of 2% of billionaires’ wealth would raise a staggering $200B-$250B from just 3000 people. It’s hard to imagine the levy being unpopular with ordinary citizens.
The #fossilfuellobby makes it hard to achieve politically, but each country that introduces the levy could gain a significant increase in tax revenue. #GlobalSolidarityLeviesTaskForce
1% of the world’s population causes 50% of all aviation emissions. A tax on tickets could raise $100B/yr; a jet fuel levy for internatioinal flights $10B. Several countries have already used ticket levies to fund medical efforts against AIDS/other diseases. #GlobalSolidarityLeviesTaskForce
#GlobalSolidarityLeviesTaskForce is driven by France/Kenya/Barbados; its members: Denmark/Senegal/Colombia & partners UN/World Bank/G20/European Commission/African Union. Its simplest #fossilfuellevy on extraction: $5/ton of CO2, rising by $5 every year to 2030, could raise $1T/yr by 2035.
