Mexico, off the path to wealth taxes
All these challenges will be almost impossible to meet without a change of direction. Above all, without political will. Well, tax reforms are needed that do not allow, for example, the fact that 17 of the 91 thousand millionaires in the region live in countries where no type of inheritance, gift or succession tax is applied.
In Mexico, 55.7 million people (43.9% of the population) are in multidimensional poverty and 10.9 million are in extreme poverty (8.5% of the population), according to Coneval . Some of the richest men in the world are emerging from the country, and yet it is out of the question and the route to the solution: taxing the wealth of billionaires more.
In the global report, for example, it is indicated that the slightly more than 2,000 richest people in the world saw their poverty grow by 2.7 billion dollars per day during the pandemic. That means that with 4 days of these extraordinary profits it would be enough to eradicate extreme poverty in Mexico for a year.
And while countries like Colombia, with the new government of Gustavo Petro, Chile or Brazil are moving towards a new paradigm of fiscal justice, Mexico refuses to even discuss a path in that direction, affirms Carlos Brown, who argues that the next federal government must ride this new wave.
The slim effect
“Since the beginning of the pandemic, their wealth has grown by 42% (25.5 billion dollars), at a rampant rate of 787 million dollars per month, or 26.23 million per day in a country with 8.5% of people in extreme poverty, living with less than 3 USD a day with different economic and social deprivations. Even more dizzying is that his fortune has multiplied by 5 in the last 22 years!”, exemplified the Oxfam report.
