An EU wealth tax, the "end of capitalism" in the U.S. and a major health crisis arising from obesity drugs are just some of the "outrageous predictions" put forward by Saxo Bank in a report published Tuesday.
Heading into 2024, the Danish investment bank suggested the world is at an "inflection point, with the familiar road of the last decade coming to an end."
The predictions focus on a "series of unlikely but underappreciated" events that if they were to occur, would "send shockwaves across the financial markets."
This would be rendered more likely if the population "realises how little in tax billionaires are actually playing," he speculated, with social unrest frequently simmering across the continent.
In the Netherlands, it is even better to be a billionaire, as the average tax rate is below what US billionaires pay, Garnry noted.
Persons:
Irene, I've, Steen Jakobsen, Robin Hood, Peter Garnry, Garnry
Organizations:
Saxo Bank, CNBC, EU, European Union, Equity
Locations:
Lower Manhattan , New York, EU, U.S, Ukraine, North America, East Asia, France, Netherlands