I hadn’t posted on the 7.8 earthquake. Here are a few headlines,
Which of course, lead to this, Ecuador quake: Millionaires to be taxed more to pay for relief
Left-leaning President Correa said all levels of society would be expected to contribute to rebuilding funds, even if they did not live in the worst-hit Pacific region.
Among the measures he announced in a televised address late on Wednesday:
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The sales tax is to be increased from 12% to 14% for one year only;
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People with more than $1m in assets is to pay a one-time sum equivalent to 0.9% of their wealth;
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Anyone who earns more than $1,000 a month is to pay the equivalent of one day’s pay; anyone getting more than $2,000 pays two days and so on, up to $5,000 a month and five days’ worth
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Unspecified state assets to be sold
A total of 657 aftershocks, with more expected.
