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

(news.un.org)
131 points Traces | 1 comments | 02 Jul 25 10:03 UTC | HN request time: 0.261s | 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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1. usrusr ◴[02 Jul 25 13:36 UTC] No.44443571[source]▶
We've seen effectively zero interest rates for longer than many can remember. If there's no investment it's not because of lack of capital but because of lack of optimism. When generationally rich do invest in something outside the safe game of landlordship (which is primarily defined by limited supply making chart lines point northeast just by merit of more capital joining the game) it's usually not because of n aeed or greed, but because they already have so much invested in the easy game that they feel a desire to risk some tiny fraction of it in something more exciting.