Skip to main content
Chile passes bill to tax the super rich in bid to alleviate poverty
A healthcare worker prepares a dose of the CoronaVac COVID-19 vaccine in Santiago, Chile

CHILE has passed a Bill to tax the super-rich, whose fortunes have continue to increase while the pay of low and middle-income families has plummeted during the coronavirus pandemic.

The landmark legislation was passed by parliament on Wednesday and the revenue it generates will be used to finance a basic emergency income.

“In our country, 2.3 million middle-class families have become vulnerable, while unemployment increases, income falls and the cost of living increases,” said the Bill’s author, legislator Raul Soto.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
IRON FIST: Mass exodus of Latin American migrants cross from Chile at the Santa Rosa border point in Tacna, Peru on Monday in a panic reaction at Jose Antonio Kast’s threats of expulsion
Politics / 3 December 2025
3 December 2025

Far-right forces are rising across Latin America and the Caribbean, armed with a common agenda of anti-communism, the culture war, and neoliberal economics, writes VIJAY PRASHAD

A sign in a field by the M40 near Warwick, protesting the changes to inheritance tax (IHT) rules, November 2024
Landownership / 22 October 2025
22 October 2025

CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises

WAY FORWARD: People's Assembly Against Austerity protest in central London on June 7 2025
Politics / 11 July 2025
11 July 2025

RICHARD BURGON MP points to the recent relative success of widespread opposition to the Labour leadership’s regressive policies as the blueprint for exacting the changes required to build a fairer society