Colau proposes higher taxes on banks, companies, large estates, and housing to raise 10 billion

Ada Colau has outlined the economic program of the Frente Amplio, proposing three major tax increases aimed at raising €10 billion. These include taxes on banks and large companies, increased taxes on wealth over €1 million and €50 million, and a new tax on housing accumulation. The funds are intended for public housing, services, pensions, and railway improvements. Colau emphasized the need for the wealthy to contribute fairly, stating that the richest benefit from society's efforts. The proposals aim to reduce speculation and make housing more accessible, targeting large property owners and funds. The measures are expected to impact around 231,000 individuals, with the wealthiest contributing significantly to the revenue.