Governments Eye Private Wealth for Debt Relief

Wealthy individuals, with robust portfolios and anticipated inheritances, are in the crosshairs of governments seeking to tap into private wealth for public finances. Policymakers have a history of using incentives or forceful measures, with options ranging from tax-free premium bonds to direct wealth taxation. The massive wealth transfer expected in the next two decades could see governments mobilizing this wealth, potentially reducing funds for private sector investment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.