Why don't we tax Latin America's multimillionaires already?

It seems like a joke that, in a region like Latin America where 180 million people live in structural poverty, we keep asking where to find money for hospitals... From the super-rich, folks, that's where it comes from!

Latin America's oligarchy pays, on average, an effective tax burden of less than 4%. Supermarket cashiers pay a higher percentage of taxes when they buy milk than a multimillionaire does when he inherits a mansion.

Every time someone proposes a wealth tax, right-wing analysts jump in, wailing that “capital will flee.” Well, let it flee! ....

The vast majority of their wealth comes from local mines, land and monopolies; they cannot carry the Andes Mountains away on a private jet.

A progressive tax system is not a socialist whim; it is a basic requirement of democratic hygiene to keep us from ending up as servants of corporations.