In a significant move towards promoting social justice, the leaders of the G20 countries pledged on Monday evening, at the conclusion of their summit in Rio de Janeiro, Brazil, to work towards implementing an effective tax on the world’s wealthiest individuals.
This initiative aims to reduce the stark wealth inequality between social classes, representing a serious shift in global economic policies.
The summit’s host, Brazilian President Luiz Inácio Lula da Silva, was one of the key advocates of this initiative, emphasizing the need for the wealthy to take responsibility for the communities that contributed to the accumulation of their wealth.
In his statements, President Lula explained that the move aims to achieve greater economic balance and provide additional resources for sustainable development projects in developing countries.
The final communiqué of the summit stressed that major nations would collaborate closely to ensure the implementation of this tax, while respecting each country’s financial sovereignty.
The statement highlighted that this cooperation would be based on mutual understanding, aiming to develop a global tax system that helps reduce poverty and expand investments in education, health, and infrastructure.
source : fesnews media