We need taxes for all - also the super-rich.

“Tax the rich” is an official EU petition. The EU Parliament has to deal with it when successful.

7 EU countries must reach the quorum. And in total 1M Votes are needed. Check yours in the chart and share, cross post etc.!

The petition calls for the introduction of a wealth tax on very large fortunes. Sign the petition here

  • barsoap@lemm.ee
    0·
    4 months ago

    Hey ho I have a paper for you

    We demonstrate that chance alone, combined with the deterministic effects of compounding returns, can lead to unlimited concentration of wealth, such that the percentage of all wealth owned by a few entrepreneurs eventually approaches 100%.

    …note no skill required. Conversely, hustling won’t get you there.

    We show that a tax on large inherited fortunes, applied to a small portion of the most fortunate in the population, can efficiently arrest the concentration of wealth at intermediate levels.

    So we don’t even have to hit millionaire kids. Inheriting 5-10 million a head is fine, systemically speaking. And if you think that your kids are better off with more money I sincerely feel sorry for you.

    • BlackLaZoR@fedia.io
      0·
      4 months ago

      …note no skill required. Conversely, hustling won’t get you there.

      You didn’t read that paper. From fast skimming I can clearly see that their simplified model didn’t check for impact of skill at all.

      It says nothing about real world except there’s a wealth concentrating factor of being ahead. Other factors are ignored