this post was submitted on 23 Oct 2023
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cross-posted from: https://lemmy.ca/post/7812500

PARIS, Oct 23 (Reuters) - Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.

If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said.

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[–] alvvayson 5 points 1 year ago (2 children)

That was only possible in reddit because the admins have all the power.

In the Fediverse, they might take over the most popular instances, but a new instance can pop up anywhere.

Decentralization is extremely powerful. Just look at the resilience of piracy, darknets and crypto. They can't be controlled and neither can the Fediverse.