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We Finally Seem Ready to Take on the One Per Cent
Saturday, November 20th, 2021
Starting in the early 1980s and especially in the mid-1990s, social programs were cut and never restored, and no one suffered more than those at the bottom while those at the very upper end saw their wages (and stock options) begin to soar… But things change, sometimes quickly, and sometimes for the better. A minimum tax on corporate wealth was long seen as a pipe dream. Not now. Some 140 countries have just agreed to a minimum global corporate tax of 15 per cent… The pandemic has been a major accelerant.
Tags: economy, globalization, ideology, poverty, standard of living, tax
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