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If Spain can get support from across the EU. And Brazil the same from BRICS then we could see change. Best not to hold your breath though...

by v5v3 1y ago

raverbashing 1y ago
BRICS is just an acronym, it is void of any meaningful significance other than that. Edit: "oh but it's an actual organization" yeah with still very little significance between pretending it's anything but a convenient proxy for the bigger members
- diggan 1y ago
  > BRICS is just an acronym, it is void of any meaningful significance other than that. I think your understanding of BRICS might be slightly outdated, did you read about the last time in the late 90s or something? It's beyond just an acronym today, with institutions actively involved, new initiatives and more.
- impossiblefork 1y ago
  I don't think, just an acronym, but my impression is that the only thing BRICS or BRICS+ agree on and are actively co-operating to achieve is collectively getting off the dollar and ending the effects of the so-called exorbitant privilege on themselves.
  - owebmaster 1y ago
    If that is the "only" thing, it is quite the ambitious goal
    - impossiblefork 1y ago
      Maybe, but should it really be hard? Either one gets rid of the oil trade-- which I think is quite feasible, then the need to acquire dollars to buy these products goes away, so there's nothing more needed, or one negotiates something with one of the many countries which either have or could acquire the ability to produce oil where one bypasses the dollar trade. Maybe, if they didn't have Russia in the group and had talked to more people about the sanctions, something like 'we need this, and the alternative is Russia-- can't you be flexible and not sanction Venezuela', they could have even used Venezuela.
- gchamonlive 1y ago
  It's an actual organization actually, founded in 2009. They hold meetings globally, the next one set to be held here in Brazil in 4 days. Since it's an organizational to align economic goals among other topics, it's not unthinkable to have these kinds of discussions about progressive taxing. We can question the real effectiveness of BRICS for actually taxing the rich more extensively, but it is surely much more than an acronym.
  - v5v3 1y ago
    Yes. It is the 2nd most powerful alliance after the USA/Canada/Australia/Europe one. India seem a flaky member of the Brics, but rest seem very committed.
  - raverbashing 1y ago
    Yes. An organization that lacks any meaningful action besides bureaucratic merry-go-around It's a puppet show essentially
    - gchamonlive 1y ago
      Completely orthogonal to it being an organisation and not an acronym
      - deleted 1y ago
        [deleted]
graemep 1y ago
A lot of EU countries have enormous tax breaks for the rich. There is a consensus that non-dom status (basically rich foreigners, very broadly defined, pay hardly any tax) in the UK needs to go. The main point made by people opposing this is that they can easily move to a number European (mostly EU) countries that have similar schemes and still only be a short flight away from the UK.
- bluecalm 1y ago
  I don't understand why politicians call for taxing assets but fail to tax assets they control in their own country. Why are super rich non-doms a problem in UK? Oh, they own a lot of land and real estate? You can tax it right there. Or maybe I do understand - it has nothing to do with trying to fix the problem but is just a populist agenda that sounds good and helps with winning elections.
  - v5v3 1y ago
    People in the UK and other countries are heavily taxed at source. And they see it on their monthly wage slip. And many people don't do a job they love, they do it as they need the money, and are miserable. The 'look at at that group who are not paying their share and the party in charge is responsible , but we will change it if you vote for us' is one of the easiest plays to get votes and volunteers campaigning for you.
  - graemep 1y ago
    Why should people living an a country not pay tax in that country? its a general principle that you pay tax on your income to the government of the country you live in. If you regard progressive taxation as "populist", fine. I regard it as simple being fair. To put it another way, why should there be a special exemption so super-rich foreigners do not have to pay tax? > To put it another way, why should there be a special exemption so super-rich foreigners do not have to pay tax? I do not know what you are referring to here. The non-dom issue is primarily about taxing income.
    - bluecalm 1y ago

If Spain can get support from across the EU. And Brazil the same from BRICS then we could see change. Best not to hold your breath though...

by v5v3 1y ago

If Spain can get support from across the EU. And Brazil the same from BRICS then we could see change. Best not to hold your breath though...

raverbashing 1y ago

BRICS is just an acronym, it is void of any meaningful significance other than that. Edit: "oh but it's an actual organization" yeah with still very little significance between pretending it's anything but a convenient proxy for the bigger members

diggan 1y ago
> BRICS is just an acronym, it is void of any meaningful significance other than that. I think your understanding of BRICS might be slightly outdated, did you read about the last time in the late 90s or something? It's beyond just an acronym today, with institutions actively involved, new initiatives and more.
impossiblefork 1y ago
I don't think, just an acronym, but my impression is that the only thing BRICS or BRICS+ agree on and are actively co-operating to achieve is collectively getting off the dollar and ending the effects of the so-called exorbitant privilege on themselves.
- owebmaster 1y ago
  If that is the "only" thing, it is quite the ambitious goal
  - impossiblefork 1y ago
    Maybe, but should it really be hard? Either one gets rid of the oil trade-- which I think is quite feasible, then the need to acquire dollars to buy these products goes away, so there's nothing more needed, or one negotiates something with one of the many countries which either have or could acquire the ability to produce oil where one bypasses the dollar trade. Maybe, if they didn't have Russia in the group and had talked to more people about the sanctions, something like 'we need this, and the alternative is Russia-- can't you be flexible and not sanction Venezuela', they could have even used Venezuela.
gchamonlive 1y ago
It's an actual organization actually, founded in 2009. They hold meetings globally, the next one set to be held here in Brazil in 4 days. Since it's an organizational to align economic goals among other topics, it's not unthinkable to have these kinds of discussions about progressive taxing. We can question the real effectiveness of BRICS for actually taxing the rich more extensively, but it is surely much more than an acronym.
- v5v3 1y ago
  Yes. It is the 2nd most powerful alliance after the USA/Canada/Australia/Europe one. India seem a flaky member of the Brics, but rest seem very committed.
- raverbashing 1y ago
  Yes. An organization that lacks any meaningful action besides bureaucratic merry-go-around It's a puppet show essentially
  - gchamonlive 1y ago
    Completely orthogonal to it being an organisation and not an acronym
    - deleted 1y ago
      [deleted]

graemep 1y ago

A lot of EU countries have enormous tax breaks for the rich. There is a consensus that non-dom status (basically rich foreigners, very broadly defined, pay hardly any tax) in the UK needs to go. The main point made by people opposing this is that they can easily move to a number European (mostly EU) countries that have similar schemes and still only be a short flight away from the UK.

bluecalm 1y ago
I don't understand why politicians call for taxing assets but fail to tax assets they control in their own country. Why are super rich non-doms a problem in UK? Oh, they own a lot of land and real estate? You can tax it right there. Or maybe I do understand - it has nothing to do with trying to fix the problem but is just a populist agenda that sounds good and helps with winning elections.
- v5v3 1y ago
  People in the UK and other countries are heavily taxed at source. And they see it on their monthly wage slip. And many people don't do a job they love, they do it as they need the money, and are miserable. The 'look at at that group who are not paying their share and the party in charge is responsible , but we will change it if you vote for us' is one of the easiest plays to get votes and volunteers campaigning for you.
- graemep 1y ago
  Why should people living an a country not pay tax in that country? its a general principle that you pay tax on your income to the government of the country you live in. If you regard progressive taxation as "populist", fine. I regard it as simple being fair. To put it another way, why should there be a special exemption so super-rich foreigners do not have to pay tax? > To put it another way, why should there be a special exemption so super-rich foreigners do not have to pay tax? I do not know what you are referring to here. The non-dom issue is primarily about taxing income.
  - bluecalm 1y ago