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Guardian

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Who is brave enough to back Brazil’s global tax on billionaires? The answer will define our future | George Monbiot

Summary

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75% Informative

Last week , Brazil proposed a 2% global tax on the wealth of the world’s billionaires.

It would raise around $250bn ( 195bn ), a significant contribution either to global climate funds or to poverty alleviation.

Wherever people have been surveyed, including in the US , there is strong support for raising taxes on the rich.

Offshore capital has become a new colonial power, colonising rich and poor nations alike.

UK has enhanced its undemocratic power by allowing the City of London to become the world’s leading money launderer, disguising the origins and destination of ill-gotten wealth.

UK governments promise to act, then deliberately vitiate their own proposals.

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