GLOBAL INEQUALITY: Thomas Piketty think-tank unveils a global wealth shake-up plan (opens original article in a new tab)

Thomas Piketty's think tank proposes a global wealth tax and fund to reduce inequality and address climate change, aiming to redistribute wealth and reform the global financial system.

• Thomas Piketty's World Inequality Lab proposes a global wealth tax and fund to reduce inequality and address climate change.
• The plan aims to increase the bottom half's wealth share from 2% to 30% and reduce the billionaire class's share from 6.0% to 0.05%.
• The report calls for reforming the global financial system, including equal political voice in the Global Justice Fund and an International Clearing Union.