It’s a truism that the poor
could always do with some extra money but the rich never seem to have enough. Thus
we have the disturbing phenomena of tax evasion and other legal or semi-legal
measures designed to protect or increase wealth and then, on the other side of
the fulcrum, we are blessed, occasionally, with philanthropic gestures,
breadcrumbs brushed from the table of giants.
The suggestion to increase
tax on the wealthy (those with over a million euros) has met with resistance
not only from the right, but also from the heartland of the PSOE. While
President Sánchez supports Podemos’ proposals, many
of the regional ‘barons’ are in discord.
After all, perhaps even more wealthy folk will be shortly considering
moving their portfolios to the Cayman Islands…
But this week, the poor have
something to cheer about, as the Minimum
Vital Income was approved on Wednesday in Congress by all the parties
except for Vox, which abstained. After all, the funds will be back in circulation again quickly enough...
La Vanguardia
says
‘It is estimated that some 850,000 households and 2.3 million people will
benefit at a cost to the exchequer of around 3,000 million euros each year’.