G20 finance ministers agree to work toward effectively taxing the super-rich
G20 finance ministers agree to work toward effectively taxing the super-rich
Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich.
And this is why the rich are trying so hard to get right wing governments elected worldwide.
They know they're running out of runway, and the next few years could be their last chance.
I'm not saying the usual crop of centrist ditherers are great, but they're better than fascists bought and paid for by tax dodging tech bros.
13I'm afraid the political problem you describe is much deeper and more entrenched.
The class of aggregated economic interests that brought the western world the "centrist ditherers", as you describe them, are increasingly backing right wing politicians to divide and confuse discontent majorities, now that the social contract is in obvious and advancing decay around us, due to decades of aggressive privatisation of public goods like utilities, education, healthcare as well as related but also wider economic slowdown.
Ironically it was precisely this kind of "centrist ditherer" that spent the last half century destroying these public goods and therefore inflaming the social discontent, which capital must now fuel right wingers to quell.
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The guy in the thumbnail (Fernando Haddad, Brazil) has been very effectively taxing everyone except the rich and super rich. The super rich got annoyed that people were buying things from China instead of their resale so he decided to intervene by forcing an import tax of 60% + state tax (between 10% and 20%) over every imported product. Of course, the rich importing these same products to resell on a hefty price increase pay 0 taxes because "they're protecting the national industry".
10Too little too late, friends. The rich are only rich by social agreement.
4Don't forget the 15% minimum corporate tax. This now have to be turned into law.
Taxing individuals by itself cannot solve shortcomings in the tax system. The super rich have corporations and shell companies in tax heavens to avoid taxes.
4There are reasons why we are where we are. We're not in this situation because there were just some missing or flawed tax policies.
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