It’s not like the economic resources are not there, just not available. If the world economy has shutdown, financing must come from existing sources.
“More than 80 of the world’s richest people have publicly called on world governments to initiate immediate, substantial, and permanent taxes on the rich in order the help fund the economic recovery that’s needed as a result of the COVID-19 fallout. The group, which calls itself “ Millionaires for Humanity,” includes major names such as Disney heiress Abigail Disney and Jerry Greenfield, the cofounder of Ben & Jerry’s ice cream.
In an open letter posted on the group’s website, its members state, “As Covid-19 strikes the world, millionaires like us have a critical role to play in healing our world. No, we are not the ones caring for the sick in intensive care wards. We are not driving the ambulances that will bring the ill to hospitals. We are not restocking grocery store shelves or delivering food door to door. But we do have money, lots of it. Money that is desperately needed now and will continue to be needed in the years ahead, as our world recovers from this crisis.”
“The letter also points out that the economic and social problems caused and exacerbated by COVID-19 can’t be solved by voluntary charity “no matter how generous.”
“The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam today ahead of the World Economic Forum (WEF) in Davos, Switzerland.”