Is it time for a wealth tax in South Africa? – The Ci

Is it time for a wealth tax in South Africa? – The Citizen


Picture: AFP/File/Said Khatib
Wealth tax has always been a contentious issue in the country, even as South African wealth inequality has remained significantly higher than in France, UK, US, China, Russia and India. Now that the Covid-19 lockdown and relief measures are having severe impacts on public debt, while reducing expected tax revenues and increasing necessary expenditure, is it time for a wealth tax? Public debt is likely to spike to hazardous levels and even with the rescue financing, South Africa’s capacity to repay debts needs to be supported, researchers from the Southern Centre for Inequality Studies (SCIS) at Wits University, the Université...

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