Hassan Heikal on His ‘Tahrir Square Tax’

The Takeaway

Economic inequality is the primary motivation for the  Occupy  protests that began in New York and have since gone global. A clear-cut solution for restoring financial stability and easing public disgruntlement, stateside or in the burgeoning European debt crisis, is nowhere in sight. But one millionaire claims to have an answer. Hassan Heikal, the CEO of EFG Hermes, is proposing the “Tahrir Square tax” which would impose a 10 to 20 percent tax on everyone making more than $10 million.

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