Mexico’s López Obrador proposes to end poverty with a 4% tax on the wealthy

Although the details will be revealed in the coming days at the UN, López Obrador said that to be a beneficiary of this fund, "a card or electronic purse" will be required, which can be created by the World Bank or the International Monetary Fund.

RIO DE JANEIRO, BRAZIL - The President of Mexico, Andrés Manuel López Obrador, today joined the debate on the taxation of the world's great fortunes and proposed a plan that consists of taxing great wealth with 4% as a recipe to end poverty.

In his long-awaited speech before the UN Security Council in New York, the President indicated how this "fund", which he called the "Global Plan for Fraternity and Well-being", would be composed: a "voluntary" 4% to be paid by the thousand wealthiest people in the world, another similar percentage would be paid by the . . .

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