“G20 Summit 2024: Bold Global Tax on Billionaires Proposed Amid Calls for Gaza Aid and Ukraine Peace”

"G20 Summit 2024: Bold Global Tax on Billionaires Proposed Amid Calls for Gaza Aid and Ukraine Peace"

G20 Summit 2024 : A joint declaration of all countries was issued at the G-20 conference.
The declaration has put more emphasis on tackling global challenges.

All countries have agreed to reform and expand the United Nations Security Council. Apart from this, there is a demand to impose a global tax on billionaires around the world. However, Argentina does not agree to this. Call to fight hunger in the joint declaration of G-20.

  • There is no mention of Israel’s suffering and the people held hostage by Hamas. Argentina openly opposed the imposition of a global tax on billionaires.
  • All G-20 countries agree on the expansion of the Security Council. AP, Rio de Janeiro. The leaders of the world’s 20 major economies in a joint declaration called for a global agreement to fight hunger, more aid for war-torn Gaza and an end to the wars in West Asia and Ukraine.
  • The declaration has more common points, but there is little detail on how to achieve the goals.

The joint statement received a large number of support from the G-20 countries, but did not get complete consensus. It also calls for a global tax on billionaires and reform of the UN Security Council.

At the start of the summit, experts had expressed doubts that Brazilian President Luiz Inacio Lula da Silva would be able to persuade the leaders gathered at a summit surrounded by uncertainty over the incoming US Donald Trump administration and the wars in West Asia and Ukraine to reach an agreement.

"G20 Summit 2024: Bold Global Tax on Billionaires Proposed Amid Calls for Gaza Aid and Ukraine Peace"

Argentina challenged the language of early drafts and was the only country not to support the full document. “There was a moment when there was a risk of no declaration,” said Thomas Traiman, an independent political consultant and former Brazilian minister. “Despite the warnings, this is a good result for Lula da Silva.”

Coming nearly a year after Hamas’s attack on Israel, the declaration condemns wars without blaming anyone and calls for peace. It mentions the dire humanitarian situation in Gaza and the escalation of tensions in Lebanon. It emphasizes the urgent need to expand humanitarian aid and better protect civilians.

According to the declaration, ‘Reaffirming the right of Palestinians to self-determination, we reiterate our commitment to a two-state solution where Israelis and Palestinians live in peace.’ It does not mention Israel’s suffering or the 100 or more hostages held by Hamas. Israel is not a member of the G-20. The declaration’s ignoring Israel’s crisis appears to be in contrast to US President Joe Biden’s consistent support of Israel’s right to self-defense.

Russian President Vladimir Putin did not attend the meeting and was replaced by Foreign Minister Sergei Lavrov representing Russia. The declaration called for peace without naming Russia and highlighted human suffering in Ukraine. The declaration demands a global tax on billionaires. If this tax is implemented, about 3,000 people around the world will be affected, including about 100 people in Latin America. Argentina opposed it.

Most of the statement focuses on the fight against hunger, which is one of Lula’s priorities. The Brazilian government says that the Global Alliance against Hunger and Poverty launched by the President on Monday is as important as the G-20 manifesto. So far 82 countries have supported it.

The G-20 leaders resolved to work on reforms for radical changes in the United Nations Security Council so that it can be in line with the realities and needs of the 21st century. Almost all countries agree that the Security Council should be expanded.

The G20 Summit 2024 has arisen as an image of conclusive worldwide activity, resolving basic issues that resound across borders. The strong proposition to force a worldwide expense on extremely rich people denotes a huge shift towards tending to worldwide disparity and meeting critical philanthropic requirements. The drive intends to channel assets to give help to war-torn Gaza and alleviate the staggering human and monetary effect of the continuous Ukraine struggle.

Moreover, the G20 Summit plan highlighted a brought together call for harmony, flagging the worldwide local area’s relentless obligation to strategic arrangements and supportable turn of events. By zeroing in on fair abundance dissemination, philanthropic guide and compromise, the G20 pioneers have established an ever-evolving vibe as well as reclassified the job of financial superpowers in advancing an equitable and amicable worldwide request.

This G20 Summit can be recognized as a defining moment where worldwide initiative moved from way of talking to significant activities with a dream to handle the difficulties of imbalance, war and compassionate emergencies. The world currently hopes to perceive how these promises convert into genuine change, and shed expect a future in light of equity, harmony and aggregate thriving.

As per the announcement, ‘While reaffirming the right of Palestinians to self-assurance, we emphasize our obligation to a two-state arrangement where Israel and Palestine reside in harmony.’ It doesn’t make reference to Israel’s misery or the at least 100 prisoners actually kept on lock down by Hamas. Israel isn’t an individual from the G-20. Disregarding Israel’s emergency in the statement seems, by all accounts, to be rather than US President Joe Biden’s reliable help of Israel’s on the right track to self-protection.

Interest for worldwide assessment on tycoons

Russian President Vladimir Putin didn’t go to the gathering and in his place Unfamiliar Clergyman Sergei Lavrov addressed Russia. The announcement called for harmony without naming Russia and featured the human experiencing in Ukraine. The statement requires a worldwide duty on extremely rich people. Assuming that this assessment comes into force, around 3,000 individuals all over the planet will be impacted, remembering around 100 individuals for Latin America. Argentina went against it.

82 nations upheld the battle against hunger

The greater part of the assertion centers around the battle against hunger, which is among Lula’s needs. The Brazilian government says that the worldwide alliance against craving and destitution sent off by the President on Monday is all around as significant as the G-20 statement. Up to this point 82 nations have upheld it.

All nations settle on extension of Safety Chamber
G-20 pioneers made plans to chip away at changes for revolutionary change in the Unified Countries Security Chamber so it very well may be in accordance with the real factors and needs of the 21st 100 years. Practically all nations concur that the Security Committee ought to be extended.

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