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

(news.un.org)
131 points Traces | 3 comments | 02 Jul 25 10:03 UTC | HN request time: 1.389s | source
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GardenLetter27 ◴[02 Jul 25 11:21 UTC] No.44442352[source]▶
This is the wrong way to look at the issue.

The super-rich don't stay rich by just sitting on their money, they invest it.

These countries should focus on encouraging investment there - by getting rid of bureaucracy and red tape, make it possible to hire across the whole EU a lot easier, without needing separate tax registration in every country, etc.

Lower the barriers to entry wherever possible - no long application processes for developments with endless consultations, no arbitrary minority language or qualification requirements, etc.

Income inequality is a good thing, but there needs to be equal access to education and opportunities and the lowest barriers to entry possible.

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bestouff ◴[02 Jul 25 11:25 UTC] No.44442388[source]▶
> Income inequality is a good thing

That's your opinion. I fail to see how the differences were have today make sense and could be good for the society.

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1. newsclues ◴[02 Jul 25 11:30 UTC] No.44442427[source]▶
Take the global wealth, divide it by the population, and redistribute it evenly.

Suddenly a lot of productive assets are no longer working.

Do you think capital allocation will be better when it's being done by everyone?

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2. johnecheck ◴[02 Jul 25 11:46 UTC] No.44442532[source]▶
Bad take. Obviously if you you cut a factory into a million pieces and hand them out, you've lost value.

Investment tools cover all your concerns here. (Hopefully paired with a regulatory framework that prevents scams (looking at you, crypto))

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3. Jensson ◴[02 Jul 25 17:16 UTC] No.44446276[source]▶
> Investment tools cover all your concerns here.

Nope, since you decided that investments can't make you richer investment tools no longer works.

And if investments are allowed to make you richer you didn't solve wealth inequality, because most people will just spend and consume rather than invest in anything.