Be brave and impose minimum tax on world’s billionaires, urges Spanish minister
Be brave and impose minimum tax on world’s billionaires, urges Spanish minister
Carlos Cuerpo calls on G20 leaders to act and says election results show citizens want redistribution of wealth
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.
Citizens of rich countries are too busy bickering about refugees. They are so easy to distract.
Tbf, those same billionaires are pretty powerful but yeah, you're right and it's tragic.
Brave
Thoughts and prayers 🥰