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Giulia Varaschin, senior tax policy adviser at the International Tax Observatory, who recently coauthored a study on wealth taxes, says there is little academic evidence that such taxes cause the wealthy to leave at a notable scale.

There is nothing radical about it. On the contrary, the proposal is minimalist. It is simply about correcting an anomaly in our tax systems, which allows very large fortunes to largely escape income tax.

Chiochetti and her co-author Ninon Moreau-Kastler said a more effective structure could be based on a number that is “not manipulable.”

The event began with the presentation of the report by the International Tax Observatory, delivered by the report’s coordinator, Vicente Silva, who put forward the proposal for a minimum tax on high-net-worth individuals in Latin America and the Caribbean.

The current situation is unconstitutional and indefensible. In our countries, there is a principle of equality before the law. In taxation, this means that the wealthiest should not pay less tax.

During an energy crisis, like the current one with oil prices above 100 dollars per barrel, attention is first focused on prices and their impact.

When commodity prices rise, the profits of extractive companies increase mechanically. In response, multinational corporations adjust their tax optimization strategies and shift a larger share of their profits to low-tax jurisdictions.

But there is a solution today: the richest must continue to be taxed even after they have left the country.

Zohran Mamdani has recently been accompanied by two progressive figures in economics: the 2001 Nobel Prize winner Joseph Stiglitz and the French economist Gabriel Zucman.

There is no justification for a regressive system in which the super-rich contribute less than the rest of us. This is how inequality is deepened and sustained