Tatto advocates for taxing large fortunes so that billionaires contribute to the development of São Paulo.
“We need to have a public, transparent debate in the city. What about these billionaires in the city? (...) It's impossible that the city won't have this debate about taxing great wealth, taxing assets,” said Jilmar Tatto, the PT's pre-candidate for mayor of São Paulo.
247 - The PT's pre-candidate for Mayor of São Paulo, Jilmar Tatto, defended taxing large fortunes so that the billionaires of the São Paulo capital contribute to the development of the municipality. “We have to have a public, transparent debate in the city. What about these billionaires in the city? (...) It is not possible that the city will not have this debate about taxing large fortunes, taxing assets,” Tatto said this Monday (3) in an interview with UOL.
"São Paulo stops transferring almost R$ 3 billion per year to the federal government, so it's a less unequal city. We need to update the generic value table; we have to have a transparent public debate about how these billionaires in the city will fare. Aren't they going to contribute? You know those banks, that little fee they pay at lottery outlets? That amounts to R$ 70 billion per year," he stated.
"The city of São Paulo still needs to invest heavily in bus lanes, bike paths, and subways. We need to think about a different city," Tatto added.