People always think I'm going after their money, when I'm talking about solving poverty
I often try to make my case for the implementation of a wealth tax on the 1% richest people of the world.
Usually when I have this conversation, it's either with poor people or with middle class people.
Basically I advocate that the assets (not their income) of these people should be taxed by 1%.
For some reason, middle class people have a really hard time wrapping their heads around this idea and almost all of them start talking about already paying enough taxes. I always need to explain to them that they certainly aren't the 1% richest people of the world and that I would definitely steer away from taxing them even more. We are trying to end poverty, not create more.
Quick numbers if anyone asks "but is there even enough money":
Top 1% globally sit on about $226 trillion. A one-time 1% tax on that is roughly $2.26 trillion. Ending world hunger costs somewhere between $40-267 billion a year depending on who you ask. Even at the high end, that's 8+ years covered from one tax hit. And in the US alone, top 1% average $16.5 million net worth vs $9,000 for the bottom half. Not a typo.