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World Inequality Lab Urges 90% Income, 20% Wealth Taxes

6/5/2026

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Summary

Story summary

The World Inequality Lab released a June 4 2026 report proposing an income tax that peaks at 90 % for earners 5,000 times average disposable income.
It recommends a wealth tax up to 20 % on millionaires and billionaires to fund a Global Justice Fund.
The authors say the top 10 % earn more than the bottom 90 %.
They urge rapid electrification, renewable electricity, and a citizen movement supported by labor unions, parties and platforms.

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Story summary

The World Inequality Lab released a June 4 2026 report proposing an income tax that peaks at 90 % for earners 5,000 times average disposable income.
It recommends a wealth tax up to 20 % on millionaires and billionaires to fund a Global Justice Fund.
The authors say the top 10 % earn more than the bottom 90 %.
They urge rapid electrification, renewable electricity, and a citizen movement supported by labor unions, parties and platforms.