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

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.

The rich people are stiffling the economy and displacing a large swath of working people. This process will hollow out the economy and produce more poverty and more inequality.

For the wealthy people there are two ways to invest.

1. Invest in passive assets such as stock market, property, valuable items, gold etc. 2. Invest in new businesses.

What are they doing? Mostly 2. How do we know. Simple.. look at the real economies. The western economies are growing (barely) at around 1-2% per year. The wealthy (since pandemic) grow their wealth at 10-20% per year. Where is this growth coming from? Certainly not from new business development since the real economy is not growing. The only way it can come is by taking a bigger slice of the pie, i.e. displacing middle class by subsuming their wealth.

This is harmful to the economy and will lead to the collapse of the economy and the society.