Mexico considers taxing its ultra-rich to combat inequality

Mexico is reportedly considering measures to tax its wealthiest citizens, aiming to address significant economic inequality. The nation is identified as one of the most unequal among OECD countries, with official government figures indicating that nearly 30% of its population lives in poverty and 5% in extreme poverty. Conversely, Mexico is home to 22 billionaires, including Latin America's richest man, Carlos Slim, and approximately 400,000 millionaires. This initiative seeks to tackle the disparity between the country's substantial wealthy elite and its large impoverished population.

Sources: Le Monde