Wealth tax has the power to alleviate rampant and growing inequality and can be an effective tool to ensure a future that is more equitable and fair for all.
I’ve seen the disproportionate wealth inequality, not only in the West but across the world. Despite the stated desires to reduce inequality, we have seen inequality continue to increase in the past decades. A wealth tax is the best way to stop and reverse the growing inequality, and there is more and more support for it, especially from wealth-owners who can clearly see the negative impact of inequality on society as a whole.
Akshay currently runs the Short Term Interest Rate trading business at Citi, based in London. Akshay has previously been involved in other initiatives focused on the role of wealth taxation as a means to elevate wealth inequality and has participated in our joint collaborative letter In Tax We Trust.