Brazilian Millionaire João Pacifico Advocates for Global Wealth Tax Ahead of G20 Summit
João Pacifico, a Brazilian multimillionaire, transforms from a finance tycoon to a social activist, advocating for a global wealth tax to alleviate poverty and combat climate change. As Brazil pushes for a G20 initiative to implement a 2% tax on assets over $1 billion, Pacifico invests in social movements and organic farming, aiming to utilize his wealth for the greater good. Despite skepticism about actual policy changes at the upcoming G20 summit, he emphasizes the rising pressure from civil society for reform.