After recalling that the wealth of the world’s wealthiest people increased by 5 billion during the pandemic, United Nations Secretary-General António Guterres proposed a solidarity tax.
Mexico City (APRO). United Nations Secretary-General António Guterres proposed a solidarity tax or wealth tax for those who benefited from the covid-19 pandemic, the sole purpose of which is to reduce extreme inequality.
At the Economic and Social Council’s Forum on Financing for Development, United Nations leaders pointed out that the wealth of the world’s wealthiest people increased by $5 trillion in assets last year and asked countries to consider levying this tax.
In addition, he believes that a “paradigm shift” is necessary to align the private sector with global goals to meet the challenges of the future and the challenges posed by covid-19, and to achieve “unity and solidarity” to save lives and avoid catastrophes Debt and dysfunction. .
He said that multilateralism had failed during the pandemic and recalled that only 10 countries had vaccinated 75% of their population, and many countries had not yet begun to vaccinate their health workers and their most vulnerable citizens.
He warned that according to some estimates, the global cost of unequal access to and accumulation of vaccines exceeds 9 trillion US dollars, and called for closing the funding gap of the COVAX mechanism and allocating development assistance to the countries that need it most.
Guterres recalled that more than 3 million people died of covid-19 last year, about 120 million people fell into extreme poverty, and the number of unemployed reached 255 million, which was the worst recession in the past 90 years.
Faced with this situation, he proposed to suspend and reduce debt, provide liquidity to countries in need, and strengthen the “international debt structure to end debt volatility, the global debt crisis, and the deadly cycle of decades of losses.”
He also proposed to invest in a new social contract based on solidarity and investment and investment in education, decent and green jobs, social protection and health systems, which will form the “foundation for sustainable and inclusive development.”
Conference Chairman Volkan Bozkır said that although the vaccine has provided people with a light at the end of the tunnel, “the socio-economic impact of several years is still waiting for us.”
He concluded: “Let us seize the opportunity of this crisis, turn to a more sustainable and resilient path, demonstrate the power and usefulness of the multilateral system, and build a world in which we will proudly pass on to future generations.”