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Anti-Poverty Campaigners Cheer Spain-Brazil-South Africa Plan to Tax the Grotesquely Rich
(www.commondreams.org)
this post was submitted on 01 Jul 2025
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They can move out of the country but they cannot move out of the world. An international wealth tax CAN be done, the only obstacle is mere political will.
And it must be said, the ability for the rich to take their assets and leave has been greatly over-stated, since much of it is in the form of land.
Extreme wealth must be taxxed, or we will all live in desperate poverty.
That's a pretty fucking big obstacle. This can only be done if all countries agree to it so with the growing number of countries taken over by right wing governments it's basically impossible. Even the Spanish government that proposed this has its days counted. This is a nice PR move, not a realistic proposal.
While I despise the current Spanish government for being interested only in being in power (progressive here. They just lack a moral compass), if this comes to fruition it will be hard for conservatives to roll back. It would expose how tight a leash the oligarchs have on them.