The Tax Justice Network said trillions could be raised with a ‘featherlight’ tax on the 0.5% of richest households, copying a current Spanish tax

Governments around the world copying Spain’s wealth tax on the super-rich could raise more than $2tn (£1.5tn), according to campaigners calling for the money to help finance the climate transition.

As a growing numbers of countries consider raising taxes on the ultra-wealthy, the Tax Justice Network campaign group said in a report that evidence from a “featherlight” tax on the 0.5% richest households in Spain could help raise trillions of dollars globally each year.

The Spanish government, under the socialist prime minister, Pedro Sánchez, introduced a temporary “solidarity” wealth tax in late 2022, which is collected in 2023 and 2024, on the net wealth of individuals exceeding €3m (£2.6m). It is estimated to apply to the richest 0.5% of households.

  • AshMan85@lemmy.world
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    3 months ago

    the rich are ruining every country, every economy except for their own, and the environment. let’s make the rich extinct before they make all of us extinct.

    • Five@slrpnk.net
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      3 months ago

      Dave Van Zandt’s site, Media Bias Fact Check puts The Guardian and Breitbart in the same (Factual Reporting: MIXED) category of credibility. Apparently this is because they both have articles where the facts are contested. This ignores the difference in size of the two news sources’ publication rate, the number of articles contested, and the seriousness and type of errors. Van Zandt is not a social scientist, and should not be running a credibility gatekeeper when he doesn’t understand statistics, science, or bias.

      MBFC uses a fundamentally flawed methodology for categorizing bias. Lemmy.World loses credibility every day this bot continues to operate.

      • Aurenkin@sh.itjust.works
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        3 months ago

        It’s also worth pointing out that from memory more than half the Guardian articles cited by MBFC as having failed fact checks were corrected or removed.

        Also there is currently a pinned feedback thread on the news community asking for feedback on the bot so please post your thoughts in there if you haven’t already.

        • Five@slrpnk.net
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          3 months ago

          I’ve posted twice in the thread in !politics@lemmy.world, as well as reached out to @Rooki@lemmy.world, and his responses reek of bad faith. I’ve posted in the pinned thread, but if it has come this far, then politely containing our discontent to the sanctioned channels is not enough.

          It’s pretty hard to ignore the overwhelming downvotes the bot posts have attracted, and if someone sees that and still thinks MBFC is a good idea, I question their judgement. It’s likely they will ignore our well-thought out concerns as well.

          My suggestion is to respond directly to the bot so that people observing the spectacle of downvotes have a better understanding of what is going on. We downvote MBFC because we are on the side of fact-checking and media literacy - not against it.

            • Aurenkin@sh.itjust.works
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              3 months ago

              Why is removal of the bot totally off the table? I agree it’s not necessarily the only path forward but why would any particular course be off limits?

              • Rooki@lemmy.world
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                3 months ago

                Having nothing and being a “trust me bro, this source is lit and unbiased” is better?

                • source: Trust me bro
            • Five@slrpnk.net
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              3 months ago

              The MBFC is not any part of any solution, and failing to acknowledge how the bot is harming media literacy on Lemmy undermines any future solution you might implement.

              • Rooki@lemmy.world
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                3 months ago

                Having nothing and being a “trust me bro, this source is lit and unbiased” is better?

                • source: Trust me bro
  • BigMacHole@lemm.ee
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    3 months ago

    That’s HORRIBLE! We should INSTEAD be Taxing Homeless Mothers to raise that Money INSTEAD!