Article 6PM5C Who is brave enough to back Brazil’s global tax on billionaires? The answer will define our future | George Monbiot

Who is brave enough to back Brazil’s global tax on billionaires? The answer will define our future | George Monbiot

by
George Monbiot
from US news | The Guardian on (#6PM5C)

It would raise $250bn to help offset some of the damage the super-rich cause. Yet they'll do everything to stop it in its tracks

Who is government for? It's a question we should never stop asking. The answer that keeps coming back is not the majority". For example, the first phase of the Covid-19 pandemic produced remarkably consistent polling results. Repeated surveys showed fewer than 10% of people wished to return to the pre-pandemic economy. The great majority wanted to see one good thing emerging from the trauma of the illness and the measures used to address it: a fairer, greener, kinder economic system.

But the Conservative government had other ideas. It announced what then prime minister Boris Johnson called a significant return to normality". His normality, of course. The structure of the Covid bailouts ensured that the big banks gained massively, often at the expense of small businesses. Executive pay and dividends for shareholders soared, while lowlier workers lost incomes and livelihoods.

George Monbiot is a Guardian columnist

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