The President of the Government, Pedro Sánchez, announced a tax increase on the large fortunes of Spain as part of his strategy to protect the middle and working classes.
During his inaugural speech of the new political course, Sánchez emphasized that the objective is to correct a system that he considers "extraordinarily unfair" and that disproportionately benefits the wealthiest.
At a press conference, he explained that the new taxes will target those who already possess enough wealth to "live a hundred lives."
The measure aims to generate greater social equity, with the more privileged contributing to collective well-being to a greater extent, as stated in a video published by the newspaper AS.
The president emphasized that it is not about "harming millionaires," but about alleviating the tax burden on the middle classes, who face the greatest economic difficulties under the current system.
In addition, he called for a more sustainable development model. "Spain will be a better country if it has more electric cars, more public buses, and therefore more public transport and fewer Lamborghinis," he stated.
This reference to the need to promote sustainable transportation reflects the government's intention to reduce elitist consumption while boosting the national electric vehicle industry.
Among the government's proposals is the introduction of new taxes on wealth, focusing on luxury goods and large investments, in addition to combating tax evasion that has affected public finances.
At the same time, tax deductions that have historically benefited the highest incomes will be reviewed in order to adjust the tax system according to the economic capacity of each individual.
Although the specific details have not yet been revealed, the announcement has already generated broad debate in the political and business spheres.
Some sectors fear that these measures may discourage investment and entrepreneurship, while the government insists that fiscal redistribution is necessary to achieve greater social justice.
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