"Tax the super-rich!"

Following the introduction of global minimum taxation for companies, a global minimum wealth tax for private individuals is now being discussed. Prominent supporters such as Svenja Schulze (German Federal Minister for Economic Cooperation and Development) and finance ministers from Spain, Brazil and South Africa are calling for such a tax in order to promote social justice and secure government revenue. The proposal is based on analyses by the EU Tax Observatory, which criticizes low effective tax rates for billionaires.