Quoted By:
>"The plan — which has been advanced by Brazil, France, Spain, Germany, and South Africa — would require billionaires to pay at least 2% of their total wealth in taxes each year. Finance ministers from the G7 countries, which includes the U.S., Canada, France, Germany, Italy, Japan, and the United Kingdom, are slated to meet in northern Italy next week."
>"The EU Tax Observatory, a Paris-based research laboratory, estimates that a 2% tax would raise close to $250 billion annually, coming from less than 3,000 individuals.
To put this in perspective in the EU brought in $6 trillion in taxes in 2022. So they want to completely risk destroying the system with a wealth tax just for a measly 5% gain. And reminder every single time they try this it fails.
