Getting rich. Governments look for money

The Hungarian Prime Minister Péter Magyar has a akin idea. In his proposal, the rate is to be 1%. Taxes on property already be in parts of Latin American countries, including Colombia and Bolivia. More and more governments conclude that since money for public services, wellness care, energy transformation is needed, it is worth looking into the pockets of those who have the most. due to the fact that the wealth inequality has reached the extents hard to ignore. The poorest half of humanity has only 2% of planet wealth, and the share of billionaires in global wealth reaches 6%. In a planet where Elon Musk became the first man to have a trillion-dollar fortune, the question of additional taxation of cresus ceases to be simply an ideological dispute. Equal differences be between countries. The average income in North America is even sixteen times higher than in the countries of Sub-Saharan Africa.

Therefore, it is not amazing to discuss the request to reduce inequality and to look for fresh sources of money. Even liberal environments look at the property taxation much more kindly. Frederiksen responded enthusiastically to the proposal "Gazeta Wyborcza", giving the Danish Prime Minister the title of Man of the Year. Moreover, the laudation was given by Prime Minister Donald Tusk, so it can be expected that good times are coming in Poland for social democratic initiatives.

This does not mean, of course, that Europe is preparing a fiscal revolution. Rates of 0.5 or 1% are a cautious first step alternatively than an effort to fundamentally shuffle a social ladder. But a fewer years ago, it would be hard to imagine that politicians like Frederiksen or Tusk would express sympathy for akin ideas.