Brazil Wants A Global Tax On Billionaires
I’m all for this with one slight change
Brazil proposes global wealth tax to combat climate change
Brazil has suggested a 2% wealth tax on billionaires worldwide to raise $250 billion annually for addressing climate change, though it faces skepticism from some countries.
In short:
Brazil’s proposed tax would apply to individuals with assets exceeding $1 billion and aims to fund climate change initiatives.
While the plan has gained moral support from G20 ministers, implementation faces challenges, including resistance from countries like the U.S.
The proposal highlights disparities in global wealth distribution, with the top 1% holding vastly more wealth than the bottom half of the population.
Key quote:“Our feeling is that, morally, nobody’s against. But the level of support from some countries is bigger than others.”
Do they really think this would raise that money, or, would they hide it? I suggest we put this tax on the uber-rich who yammer on about climate doom and take long, fossil fueled flights in private jets. Really, though, the uber-rich will not allow this to happen. They donate too much to campaigns, and have politicians in their pockets.
Love that they’re building this with fossil fueled machines https://t.co/gm06pZcPzh
— William Teach2 ??????? #refuseresist (@WTeach2) August 3, 2024
And all the materials are coming via fossil fueled trucks.
The post Brazil Wants A Global Tax On Billionaires appeared first on Pirate’s Cove.
Source: https://www.thepiratescove.us/2024/08/03/brazil-wants-a-global-tax-on-billionaires/
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