Argentina's Congress has approved a wealth tax on the top 0.8% of earners.
The government hopes to collect $3.78 billion from the one-off levy, according to international press agencyIt will also be used to support working-class neighborhoods, students, small businesses, and the natural gas sector.Visit Business Insider's homepage for more storiesArgentina's Congress has approved a one-off levy on the super-rich in a bid to cover the costs of the coronavirus pandemic.
The wealth tax will be paid by those who have assets worth over 200 million . Only the top 0.8% of the population– about 12,000 people – will be affected, according to theArgentina's government is hoping to collect about $3.3 billion from the taxes, reports international press agencyThe money raised will go to a variety of causes. A significant proportion will go towards helping the country in its fight against COVID-19.
Medical supplies and equipment will be covered by the new tax, with 20% of its revenues. Another 20% will go towards economic relief for small and medium-sized businesses, according to the
mrjoshz and this is part of the NWO agenda
doyourduty withgreatpowercomesgreatresponsibility
Ide swear they've been listening to BernieSanders.In America we do the opposite. We give 💸 billions to wealthy 🤑 corporations while somehow having moral debates over whether we should hand over a one time pay of 900 - 1200 to the poor? Republicans Democrats BernieSanders
Its happening... 🙏🏾 Gracias Argentina 💙
Gran idea. Ojalá todos los países del mundo sigan el ejemplo de Argentina. Tendremos la economía mundial más fuerte del mundo, igual de fuerte que el peso argentino.
good move👏
In the U.S. the rich are getting PPP “loans” to help them with their struggles.