Brazil's plan to tax global super-rich to tackle climate crisis (theguardian.com)

Could taxing wealth potentially result in even more consumption as spending results in having less wealth to tax?

Interesting that the unit of denomination for these people is "family." Raises all kinds of connotations for these freaks, from mafia to incest.

I do not have words for how evil this is. Everyone involved in this plan needs to be lawfully tried for their crimes.

Weird comments not withstanding, a fairly modest plan. It really should be a larger tax, as wealth grows exponentially.

Piketty, T. (2014). Capital in the twenty-first century. Harvard University Press.

A ~2% tax isn't going to stop runaway wealth-hoarding.

Maybe Brazil should start by focusing on logging in the Amazon.