Germany, Spain and South Africa today voiced their support for a plan to impose a global tax on the richest, proposed by Brazil as the country takes over the G20 presidency, while France has already said it agrees. . In their letter, published by several media outlets – including Der Spiegel (Germany) and El Pais (Spain) – five ministers from these three countries as well as Brazil assure that this initiative would be an “important step” in global battle “against inequalities”. “The last two decades have been marked by a significant increase in inequality in most countries, with the gap between the incomes of the richest 10% and the poorest 50% almost doubling,” the ministers underline. A situation that “harms economic development” and is proving to “erode democracy”, continues the letter, which is signed among others by Spanish Vice-President Maria Jesus […]
Source: News Beast
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