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Chile passes bill to tax the super rich in bid to alleviate poverty
A healthcare worker prepares a dose of the CoronaVac COVID-19 vaccine in Santiago, Chile
CHILE has passed a Bill to tax the super-rich, whose fortunes have continue to increase while the pay of low and middle-income families has plummeted during the coronavirus pandemic.
The landmark legislation was passed by parliament on Wednesday and the revenue it generates will be used to finance a basic emergency income.
“In our country, 2.3 million middle-class families have become vulnerable, while unemployment increases, income falls and the cost of living increases,” said the Bill’s author, legislator Raul Soto.
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