this post was submitted on 27 Jul 2024
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[–] Virkkunen@fedia.io 10 points 1 month ago

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".