Unbelievable! This state levies Covid tax on the wealthy to pay for medical supplies and relief measures

Argentina imposed a new tax on its wealthiest people, through which medical supplies and relief measures could be paid amid the coronavirus pandemic.

The so-called "millionaire tax" was passed in the senate with 42 votes in favor and 26 against. People with a fortune exceeding 200 million pesos or $ 2.5 million will have to pay such a tax. Argentina has so far recorded nearly 1.5 million infections and almost 40,000 deaths from the coronavirus.

It has been hit hard by the pandemic, becoming the fifth country in the world to report one million confirmed cases in October, despite having a population of about 45 million. Isolation measures on the other hand of the economy of the state that has long struggled with unemployment, high levels of poverty and massive government debt. Argentina has been in recession since 2018.