ANC-favoured economists Piketty, Stiglitz explain why Wealth Tax best way to tackle inequality, pay Covid-19 bills.

South Africans should start preparing themselves for a Wealth Tax. With a R500bn Covid-19 bill to be met, the idea of raiding wallets of the rich is gathering momentum globally. And given their ideological leanings, South Africa's ruling party's politicians are sure to love solutions proposed by rock star economists Thomas Piketty and Joe Stiglitz, who are leading the charge for a hefty Wealth Tax to now be introduced. The duo are commissioners of the ICRICT - the Independent Commission for the Reform of International Corporate Taxation which has tax dodging multinationals, especially the tech titans, and super rich individuals in their sights. In this podcast the rock star economists explain the why and how of what high income earners should expect to hit in the near future. - Alec Hogg