this post was submitted on 27 Jul 2024
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[–] psvrh@lemmy.ca 12 points 1 month ago

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.

[–] 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".

[–] Hirom@beehaw.org 4 points 1 month ago* (last edited 1 month ago)

Don'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.