As the rich wield their cloud and garner a disproportionate share of the global wealth, an economist said on Tuesday minimum tax proposal for the billionaires could soon become a reality. Paying Up Fair Share: The concentration of wealth has become a “global” and “alarming” issue, said Gabriel Zucman, Professor of Economics at the Paris School of Economics and the University of California, in an opinion piece contributed to Project Syndicate. Citing statistics, the economist said a mere 3,000 people now boast of $14.4 trillion of wealth, which equates to 13% of the world’s GDP. This compares t…
