Why are billionaires scared of Brazil’s plan to hit them with a global tax? Because it makes perfect sense
The Guardian - 2024-05-02T10:00:05.000Z

As the fortunes of the super-rich soar, a proposed annual levy of 2% could offer a corrective – and they will fight it tooth and nailThe idea is simple. There are about 3,000 billionaires in the world and in recent years they have been getting richer and richer. Demands on hard-up governments from ageing populations and the drive to achieve net zero are growing all the time. Rather than expect voters already struggling to make ends meet to pay more, how about a wealth tax on Jeff Bezos, Elon... Read this story