Malta’s new Finance Minister has expressed serious scepticism about some popular modern socialist concepts, taxing the rich, introducing a universal basic income and implementing a four-day week.
Interviewed by Lovin Malta, Clyde Caruana definitively ruled out that Malta could follow Argentina in introducing some kind of “millionaire’s tax” to oblige the country’s wealthiest people to pay for COVID-19 measures. “I don’t have anything like that in mind,” he confirmed. “We’ll encourage those who earn more, those who have the capital, to invest that capital to create additional economic wealth. If there’s the creation of jobs and employment opportunities, that will […]
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