Among the tools is a tax on the super-rich
This is one of Brazilian President Luiz Inacio Lula da Silva’s “workhorses,” which he spoke about during the recent G7 meeting held in Italy, and will be the central theme of the next G20 meeting to be held on November 18 and 19, 2024, in Rio de Janeiro, Brazil.
“It’s time for the super-rich to pay their fair share of taxes. This excessive concentration of power and income is a risk to democracy,” Lula explained. “Many developing countries have already formulated effective policies to eradicate hunger and poverty.”
And at the G7 summit, Lula asked for support and commitment to the Global Alliance Against Hunger and Poverty, which will be launched during the next G20 meeting.
On December 1, 2023 Brazil officially assumed the presidency of the group of the world’s 20 largest economies for the next summit in Rio de Janeiro, which will be called “Building a Just World and a Sustainable Planet,” to which extent Lula explained: “We are committed to putting the fight against hunger, extreme poverty, and inequality at the center of the international agenda.”
The commitment is to engage the entire G20 in an effort to create “new global governance.” Lula explained that “financial organizations, founded almost 80 years ago, should not continue to operate according to the same paradigms and without taking into account the structural changes of the 21st century. If we want to make a difference, we must put reducing inequality at the center of the international agenda.”
Lula’s commitment will not end with the summit in November 2024, given that Brazil will chair BRICS in 2025 and will host COP 30 in Belém in the Amazon.