Oxfam suggests taxing large fortunes

A NGO oxfam published its report entitled “Profiting from the pain“, in which he proposes the taxation of large fortunes and extraordinary profits of companies with the purpose of effectively reducing social inequality which, in fact, has reached frightening levels during the covid-19 pandemic.

In this sense, the survey that was published on May 22, 2022 shows that while billionaires are getting richer, in addition to their Although fortunes have increased significantly with the pandemic, a large part of the world's population has been facing an unusual crisis that affects dramatically the cost of living, as well as the increase in prices of all products and loss of purchasing power, in the case of Brazil and other countries in the world.

So, for Oxfam, this action is more urgent and needs to be taken by governments as highly progressive tax measures. These actions, in turn, as

report of the NGO, should serve to be used as an investment in public policies aimed at reduction of social inequalities and in the protection of human rights that are highly threatened by humanitarian crises.

In this perspective, Oxfam proposes in its report three progressive fiscal measures. The first is called the “Urgent Pandemic Tax on Excessive Profits of the World's Largest Corporations,” a temporary 90% tax on excess profits of corporations across all industries. The second is the “99% Pandemic New Billion Wealth Tax” and the third is the “Permanent Wealth Tax for the Richest”.

Geographer and pseudo writer (or otherwise), I'm 23 years old, from Rio Grande do Sul, lover of the seventh art and everything that involves communication.