What a novel idea: taxing the rich to help improve an economy. Naturally, Colombias rich and powerful are arguing that the wealth tax will hurt the Colombian middle-class and hamper investments in the country. But the results of Colombias wealth tax over its first 12 years speak for themselves. Over the past decade, Colombias economy has become one the fastest growing economies in Latin America. Meanwhile, unemployment in that country has been steadily decreasing, and inflation has remained relatively low.
Posted on: Fri, 19 Sep 2014 02:25:12 +0000
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