Thursday 11 June 2020

A Treat for the Poor


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’.