Spain to Increase Tax on the Rich

The President of the Government, Pedro Sánchez, has announced an increase in tax for the rich, saying that Spain will be a better country with more electric cars and public buses and fewer “Lamborghinis”.

Sánchez announced on Wednesday that taxes will be raised “for those who already have enough money in the bank to live 100 lives.”

The head of the Executive, who inaugurated the new political year at an event at the Cervantes Institute, has indicated that the Government is going to launch “new actions aimed at limiting the disproportionate privileges that certain elites in the country have and benefit from.”

“We are going to tax those who already have enough money in the bank to live a hundred lives. We will do this, I repeat, not to harm millionaires but to protect the middle and working classes from a system that continues to be extraordinarily unfair,” Sánchez reiterated, in the presence of practically his entire cabinet and the union leaders of CCOO and UGT, Unai Sordo and Pepe Álvarez, respectively.

For Sánchez, “regardless of what some people think, Spain will be a better country if it has more electric cars, made in Spain, more public buses and, therefore, more public transport and fewer Lamborghinis.”

The head of the Executive concluded by assuring that a more progressive tax system will be one of the three main axes that the Government will develop in economic matters in this new political year, with taxes “that will grow more for those who have more.”