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Spain and Brazil push global action to tax the super-rich and curb inequality

(news.un.org)
131 points Traces | 10 comments | 02 Jul 25 10:03 UTC | HN request time: 1.362s | source | bottom
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v5v3 ◴[02 Jul 25 11:09 UTC] No.44442262[source]▶
If Spain can get support from across the EU. And Brazil the same from BRICS then we could see change.

Best not to hold your breath though...

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1. raverbashing ◴[02 Jul 25 11:15 UTC] No.44442309[source]▶
BRICS is just an acronym, it is void of any meaningful significance other than that.

Edit: "oh but it's an actual organization" yeah with still very little significance between pretending it's anything but a convenient proxy for the bigger members

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2. diggan ◴[02 Jul 25 11:17 UTC] No.44442326[source]▶
> BRICS is just an acronym, it is void of any meaningful significance other than that.

I think your understanding of BRICS might be slightly outdated, did you read about the last time in the late 90s or something? It's beyond just an acronym today, with institutions actively involved, new initiatives and more.

3. impossiblefork ◴[02 Jul 25 11:21 UTC] No.44442357[source]▶
I don't think, just an acronym, but my impression is that the only thing BRICS or BRICS+ agree on and are actively co-operating to achieve is collectively getting off the dollar and ending the effects of the so-called exorbitant privilege on themselves.
replies(1): >>44442523 #
4. gchamonlive ◴[02 Jul 25 11:22 UTC] No.44442369[source]▶
It's an actual organization actually, founded in 2009. They hold meetings globally, the next one set to be held here in Brazil in 4 days. Since it's an organizational to align economic goals among other topics, it's not unthinkable to have these kinds of discussions about progressive taxing. We can question the real effectiveness of BRICS for actually taxing the rich more extensively, but it is surely much more than an acronym.
replies(2): >>44442431 #>>44442452 #
5. raverbashing ◴[02 Jul 25 11:31 UTC] No.44442431[source]▶
Yes. An organization that lacks any meaningful action besides bureaucratic merry-go-around

It's a puppet show essentially

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6. v5v3 ◴[02 Jul 25 11:35 UTC] No.44442452[source]▶
Yes. It is the 2nd most powerful alliance after the USA/Canada/Australia/Europe one.

India seem a flaky member of the Brics, but rest seem very committed.

7. gchamonlive ◴[02 Jul 25 11:42 UTC] No.44442488{3}[source]▶
Completely orthogonal to it being an organisation and not an acronym
replies(1): >>44442749 #
8. owebmaster ◴[02 Jul 25 11:45 UTC] No.44442523[source]▶
If that is the "only" thing, it is quite the ambitious goal
replies(1): >>44445993 #
9. ◴[02 Jul 25 12:09 UTC] No.44442749{4}[source]▶
10. impossiblefork ◴[02 Jul 25 16:53 UTC] No.44445993{3}[source]▶
Maybe, but should it really be hard?

Either one gets rid of the oil trade-- which I think is quite feasible, then the need to acquire dollars to buy these products goes away, so there's nothing more needed, or one negotiates something with one of the many countries which either have or could acquire the ability to produce oil where one bypasses the dollar trade.

Maybe, if they didn't have Russia in the group and had talked to more people about the sanctions, something like 'we need this, and the alternative is Russia-- can't you be flexible and not sanction Venezuela', they could have even used Venezuela.