It would apply to some 25,000 people with assets equal to or exceeding one million dollars in real estate, land, and financial capital.

The labor federation argues that, according to technical studies, this group concentrates between 37 and 40 percent of the national income.

The labor movement proposes a modification of the existing wealth tax rather than creating a new one.

The president of the PIT-CNT, Marcelo Abdala, described the proposal as an “ethically and socially urgent” response.

He stated that it is “unbearable for the working class” that Uruguay exports food “for tens of millions of people” and that, simultaneously, one in three households with children and adolescents “is below the poverty line.” Abdala stated at a recent press conference that the goal is to resolve an urgent short-term problem, but one that also jeopardizes the country’s development.

“An egalitarian, democratic, integrated society with full rights cannot be built with these levels of inequality,” he argued.

The PIT-CNT will include this initiative as a priority in its 2026 action plan, with workplace assemblies, neighborhood activities, seminars, open letters, and meetings with political parties and members of parliament.

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