Taxing the richest 1% in Brazil could increase GDP by 2.4%

A research conducted by Made-USP showed that increasing taxation on the richest to transfer income to the poorest can help the Brazilian economy recover. The calculation is simple: a social protection policy financed by taxing the richest 1% in Brazil can ensure a transfer of R$125 ($23) per month to 30% of the poorest and generate a positive impact of 2.4% on GDP.

Source: Capitalist