in the UK. Proponents argue that taxing wealth more heavily could address inequality and provide necessary revenue for public services. The IMF has suggested that governments could consider higher taxes on property, capital gains, and inheritance as a way to finance pandemic-related expenditures.

Critics of wealth taxes argue that they can discourage investment and savings, and lead to capital flight. The debate continues, with some advocating for targeted taxes on the ultra-wealthy, such as a windfall tax on billionaires, while others propose broader reforms to the existing tax system.

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