Can a Deeply Unequal Nation Totally Reverse Course? 

Colombia’s newly elected progressive president has just proposed a wealth tax, on his first day in office no less. In Latin America, the world’s most unequal region, an egalitarian move like that would normally have a nation’s most privileged enraged and frothing. And some of that frothing certainly is showing up since Gustavo Petro, Columbia’s first left president, proposed his new levy on grand fortunes. A top exec with Colombia’s largest financial conglomerate now even says he sees “a significant risk” the nation’s stock market “will practically disappear” under Petro’s reign.

Source: Can a Deeply Unequal Nation Totally Reverse Course? – CounterPunch.org

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