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Foreign Correspondents

Ep.274 Noblesse oblige and taxing the rich

World Ch. Schedule : THU 20:30 KST

Date : 2022-01-27

Foreign Correspondents Ep.274
Noblesse oblige and taxing the rich

During the virtual World Economic Forum last week, a group of billionaires called on governments to make them pay more taxes. The group calling itself “Patriotic Millionaires” said their wealth had risen during the pandemic, urging countries to demand the rich pay their fair share in taxes. An Oxfam report suggests that the world’s ten richest men more than doubled their fortunes during the first two years of the pandemic, while the incomes of 99 percent of the world’s population fell. Do countries need higher taxes on the rich to address wealth inequality and help pay for the COVID-19 recovery? Should they consider universal tax hikes instead? In this week’s edition of Foreign Correspondents, we sit down with our panel of journalists to discuss measures being discussed in different parts of the world to raise taxes.

In-studio guests
Steven Borowiec / Nikkei Review
Nicholas Moore / Freelance Reporter
Kim Sung-min / Arirang TV

Skype guest
Park Sang-in, Professor / Graduate School of Public Administration, Seoul National University