dimpy.handa
Dimpy Handa
The revenue generating potential of a tax is tremendous. It has been estimated that a tax of 0.1% could raise $50 - $300 billion a year. Even if we take the smaller amount, this would match existing levels of official aid. The UN and World Bank estimated in 1997 that the cost of wiping out the worst forms of poverty and providing basic environmental protection would be about $225 billion per year. For comparison, the total annual UN budget is about $10 billion.