European wealth tax to fund the coronavirus recession___a proposal by Profs of LSE and of the UCalifornia-Berkeley

https://pacheco-torgal.blogspot.com/2020/03/coronavirus-recessionthe-time-has-come.html

Still following the post above see below a very recent and interesting proposal

https://voxeu.org/article/progressive-european-wealth-tax-fund-european-covid-response

“If fighting COVID-19 requires issuing 10 points of EU GDP in Eurobonds (or a rescue fund worth 10 points of EU GDP), a progressive wealth tax would be enough to repay all this extra debt after ten years”

Box 1 Proposed parameters for a European COVID wealth tax

Wealth Group            Threshold                     Marginal tax rate

Top 1%                      2 million euros                   1%

Top 0.1%                   8 million euros                   2%

Billionaires                1 billion euros                     3%   

P.S - The professors of the UCalifornia-Berkeley are the same that wrote a lovely book
https://www.amazon.com/Triumph-Injustice-Rich-Dodge-Taxes/dp/1324002727