30 de September de 2024
In
Publications
Tax the super-rich for the right to the city!
The inequality in Brazilian cities is evident: few live in luxury while the majority face precarious conditions. High-end apartments drive up rents, forcing out long-time residents. This scenario reflects an injustice that needs to be addressed.
The richest 1% in Brazil owns almost half of the wealth, while millions survive with difficulty. This concentration worsens social exclusion in cities.
During the recent G20 Finance Ministers meeting, Brazil proposed a 2% tax on the super-rich, which could generate 250 billion dollars per year. These resources could improve infrastructure, housing and community services.