A LATE July meeting of the G20 economies in Rio de Janeiro resulted in an agreement that was unprecedented in the fiscal history of nations.
That was to impose a global 'wealth tax' on the superrich, the few thousand rich individuals — around 3,000 according to poverty tracker Oxfam — who piled up a total of more than $40 trillion in wealth over the past 10 years. And whose total wealth more than exceeds the combined wealth of many poor nations.
If there is an SRP for private jets commonly used by wealthy Filipinos for their international travels, that starts at around $52 million, according to the French aviation company. No one in the Philippine journalism profession, even the business groupies who hang out with the Filipino billionaires and then write hagiographies, have seen that kind of money.
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