The Tax Justice Network said trillions could be raised with a ‘featherlight’ tax on the 0.5% of richest households, copying a current Spanish tax

The Tax Justice Network said trillions could be raised with a ‘featherlight’ tax on the 0.5% of richest households, copying a current Spanish tax

Governments around the world copying Spain’s wealth tax on the super-rich could raise more than $2tn (£1.5tn), according to campaigners calling for the money to help finance the climate transition.

As a growing numbers of countries consider raising taxes on the ultra-wealthy, the Tax Justice Network campaign group said in a report that evidence from a “featherlight” tax on the 0.5% richest households in Spain could help raise trillions of dollars globally each year.

The Spanish government, under the socialist prime minister, Pedro Sánchez, introduced a temporary “solidarity” wealth tax in late 2022, which is collected in 2023 and 2024, on the net wealth of individuals exceeding €3m (£2.6m). It is estimated to apply to the richest 0.5% of households.

  • AurenkinEnglish
    13·
    4 months ago

    By having the bot you’re not solving the problem, you’re simply moving the “trust me bro” down one level and distracting from the actual discussion.

    Granted I’m not a mod so I’m sure I’m missing some perspective here but I don’t think the bot is helping at all personally.

    Also this is not an answer to the question. I simply asked why the option should be off the table completely. I didn’t say there are no better solutions. It just makes it sound like you already made your decision and are not open to feedback which is why I wanted to ask.