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flag Economists propose a global wealth tax on billionaires, targeting real estate to raise over $250 billion annually.

flag Some economists are proposing a global wealth tax on billionaires, which could raise over US$250 billion annually if 2% of their net worth was taxed. flag In Australia, taxing unrealized gains in companies is challenging, but real estate could serve as a clear target for a partial wealth tax. flag Real estate is harder to move or hide, making it a viable option. flag Countries like Sweden and Switzerland offer lessons on implementing such taxes successfully.

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