Summary
Spain’s economy minister, Carlos Cuerpo, is urging G20 nations to support a global wealth tax on billionaires, targeting a 2% minimum tax on assets to raise $250 billion annually.
Backed by Brazil, France, and Germany, the initiative aims to fund climate action and green investments.
Cuerpo highlighted growing public demand for wealth redistribution, especially as climate crises worsen, like Spain’s recent deadly floods.
The proposal mirrors the global minimum tax on multinationals and seeks international coordination to overcome political resistance from wealthy elites and lobbyists.
Solid points all around.
Further, even if it would be largely ineffectual (which it won’t), we should make it inconvenient for billionaires to dodge taxes, just as some states make it inconvenient to obtain guns.
Yep.
It’s been a busy couple years, but the Panama Papers never really led to anything.
We know “they” are doing this, it’s not even an ambiguous “they” because of that story, we have names and evidence of the wealthy breaking laws to dodge taxes. But we just didn’t do anything because those people also tend to give a shit ton of money to both parties.
A single unimportant person got four years in the US and two lawyers got four months in Brazil.
https://www.investopedia.com/terms/p/panama-papers.asp
But none of the wealthy dodging taxes was held accountable. Hell, the leaks named dozens of former and current world leaders… Why would they hold themselves accountable?
As much as I care about politics, we need to start coming to the hard realization that it’s just a distraction so the wealthy can stall till they can just buy robots instead of paying people.
That’s the clock for taxing the wealthy. The need for human soldiers and manufacturing.
If we don’t beat that clock, then humanity as we know it is fucked.