Taxing the rich - Time for a wealth tax
Joseph E. Stiglitz in POLITICO

Bottom line: rich countries pretend to be in favour of fair & open markets, devlopment for all etc. but in practice the way financial markets are organized & regulated leads to an enormous income transfer from global South to global North, year after year & growing over time

Greatest appreciation to Bernie Sanders.

Backs the Brazilian G20 Presidency proposal to tax the super-rich internationally, alongside Minister Fernando Haddad.

Utmost respect to Senator and to Rep. Ilhan Omar for their leadership. Proud for Oxfam International to be part of this.

We can do this.

💰Tributação dos super-ricos💰
Ministro da Fazenda do Brasil disse, em reunião do FMI em Washington, que tributação dos super-ricos é uma das formas para que o desenvolvimento sustentável seja garantido.
🔗 Leia matéria completa: g20.org/pt-br/noticias…

Good to see this, but I would add a CRUCIAL point 11:

DROP harmful loan conditions that emphasize “fiscal consolidation” (austerity), to free up fiscal and policy space for investment in people & climate

Jayati Ghosh Radhika Balakrishnan david_mcnair Alexandros Kentikelenis Oxfam Washington DC

Few things at #IMFMeetings impress me, an event with 2 nobel laureates discussing the importance of taxing the rich does! Kudos to Oxfam Washington DC for putting together stellar panel with Joseph E. Stiglitz Esther Duflo & Gabriel Zucman As always, #taxtherich #fightinequality

'We’re marking, I hope, the end of neoliberalism. Of this ideology that the lower the tax rate, the better everything is. We recognize now that taxes and making public investments are absolutely vital for the well-being of our societies,' said Joseph E. Stiglitz.

#TaxTheRich

BREAKING ‼️
As of 4 AM this morning, Columbia University students have occupied the center of campus, launching our Gaza Solidarity Encampment.
We demand divestment and an end to Columbia’s complicity in genocide.

Each year poor countries send 2⃣ - 3⃣% of their GDP to the rich world while they could be investing that amount in education, health or climate policies, found Gastón Nievas Offidani & Alice Sodano.
❗️It's time to overthrow this rich world privilege
▶️tinyurl.com/mryzeya7
#springmeetings

“You ask me why we should tax the rich, at this particular point in time, why now? It’s obvious, it’s where the money is” Joseph E. Stiglitz #WBGMeetings

El neoliberalismo ha empeorado la economía mundial: Stiglitz jornada.com.mx/noticia/2024/0…

The Inequality of Wealth: Why it Matters and How to Fix it – review
blogs.lse.ac.uk/lsereviewofboo…

'Each country can do a lot to mobilize domestic resources, but without decisive enhanced international cooperation, those at the very top of the income and wealth distribution will continue to evade our tax systems', Fernando Haddad at World Bank and IMF #WBGMeetings

.Nestlé continues to put the lives and health of children at risk. Just horrific! Well done Public Eye and IBFAN theguardian.com/global-develop…

Such a pleasure to meet with minister Cuerpo this morning to discuss the path towards a coordinated taxation of the super-rich. The future of global inequality and the future of democracy are at stake. Onwards!

Tonight I’m in Bristol. Join me at 6pm if you’re in the area at the wonderful bookhaus

Thanks to Nabil Ahmed and the OxfamAmerica team for this wonderful panel: Remaking Global Governance for a Post-Neoliberal Era, featuring Rana Foroohar Joe Stiglitz Adriana Erthal Abdenur Ndongo Samba Sylla/nssylla.bsky.social

Excited to be in Washington DC, where G20 finance ministers are meeting for the 2nd time under Brazil’s presidency

The idea of a coordinated minimum tax on the super-rich is gaining momentum!

A few events to follow this week 🧵

With the dynamic duo of Nabil Ahmed and Ndongo Samba Sylla/nssylla.bsky.social in DC for the spring meetings

We need to actually tax the rich.

That means a wealth tax, an excess profits tax and cracking down on tax havens.