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True Dough

True Dough's Journal
True Dough's Journal
March 2, 2024

Brazil's finance minister proposes global tax on the super-rich

A fine idea. Lets hope it gets traction.

RIO DE JANEIRO (AP) — Brazil’s finance minister told his peers Thursday at a G20 meeting in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion.

Fernando Haddad said tax evasion can be resolved through international cooperation so that “these few individuals make their contribution to our societies and to the planet’s sustainable development.”

He added that Brazil is pushing for a declaration on international taxation by G20 members that he hopes would be ready in July...

According to a 2023 study by advocacy group Tax Justice Network, countries around the world could lose up to $4.8 trillion in tax revenue over the next decade due to tax havens. And a report earlier this year by the EU Tax Observatory cited by Haddad, found that billionaires worldwide have effective tax rates equivalent of between 0% and 0.5% of their wealth.


March 2, 2024

Russians turn out in large numbers for Navalny's funeral

Good to see. If only there could be a national uprising against Putin and hopefully bring an end to the senseless war in Ukraine.


February 29, 2024

The irresistible lemon!

An oldie, but a goody!

February 29, 2024

Can you relate?

February 27, 2024

Who else eats cereal for lunch or dinner?

I have most of my life. Not every day, but some days. It's a matter of convenience. And I enjoy having a variety of cereals in the house. Some whole grains, some the kids' sugary types.

Kellogg's CEO is catching a lot of flak for this statement he made today. I know it's self-serving because he wants to sell more cereal. It shows a lack of empathy for those just trying to get by financially. Heck, he could have offered to find ways to lower cereal prices to help people. But I will continue to eat cereal whenever I get the urge, even Kellogg's sometimes!

“Let them eat Corn Flakes” appears to be Kellogg’s CEO Gary Pilnick’s advice to cash-strapped shoppers who are spending the highest portion of their income on food than at any point in the last 30 years.

In an interview with CNBC last week, WK Kellogg CEO Pilnick said the company was advertising cereal for dinner to consumers looking for more affordable options. “Give chicken the night off,” the ad’s cheery tagline reads. WK Kellogg owns cereals such as Frosted Flakes, Froot Loops, Corn Flakes, Raisin Bran and others.

“The cereal category has always been quite affordable, and it tends to be a great destination when consumers are under pressure,” Pilnick said. “If you think about the cost of cereal for a family versus what they might otherwise do, that’s going to be much more affordable.”

His advice hasn’t landed well with people frustrated by spending 26% more on groceries since 2020; on social media the campaign is being seen as insensitive.

February 24, 2024

Lesson from the church

No. Actually, it's a lesson FOR the church...

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