Argentina to tax the super-rich to pay for equipment and supplies needed to fight COVID-19 - Business Insider

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Argentina to tax the super-rich to pay for equipment and supplies needed to fight COVID-19

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

 

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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.

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