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
Lol malta being last is so fitting.
Europeans don’t care. they just want to complain.
P.S signed
Maybe they don’t hate the rich?
The question is: Why should I care?
is it fair being born with wealth that pays you a daily interest that others work for a whole month?
If this wealth was legitimately earned by your parents? Yes it is fair. Supporting your children is your sacred right.
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.
…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
Please explain how one legitimately earned 10 Million.
Usually by starting a company that produced valuable goods and services benefitting everyone and profiting off of it.
You can also gamble but thats by definition a losing game
This initiative is a total garbage for two reasons:
-
Taxing unrealized gains is immoral and a LOT of people won’t ever sign this petition
-
Expect the great exodus of capital from the EU if such proposal ever passes.
Point 2 is always what people fear monger when taxes being raised is brought up.
Gerard Depardieu became russian citizen when France introduced 75% tax on his income
https://www.france24.com/en/20140530-exiled-french-actor-depardieu-pay-just-6-tax-russia
And this is just one high profile example. Im sure there were a lot more like him
Depardieu is a wanker who was practicing tax evasion long before he left.
We don’t need useless piles of garbage like him.
We don’t need useless piles of garbage like him.
You do want his money tho - hence the attempt of 75% tax rate. But you aren’t getting any of his income, he doesn’t pay his taxes in france anymore.
It’s ok, these faux french cunts can fuck off to another country. Makes room for people who actually care about the country.
We weren’t getting any of this fraudster’s money anyway.
If anything he cost us more money than anything in fake grants.
So you have a horrible legal system, and he’s great scapegoat to divert attention from fraud underneath? Am I missing something?
So…Elon musk instead of paying $0 income tax as an American citizen would pay $0 as an expat?
paying $0 income tax as an American
Let me guess - he borrows against his assets so it isn’t taxable income? That’s a pathology in the legal system. He should absolutely pay regular income tax on this. But regular income tax isn’t the same as proposed wealth tax
That is the thing that need to change, but how do you legislate that without fucking up the little guy with 100k in 401k. Or the random dude making HELOC that’s going to be taxed harshly?
That is the thing that need to change, but how do you legislate that
Simple, when he dies, during the inheritance proceedings, all debts should be paid off from the sold assets, and the due income tax collected as if he sold these assets himself when he was alive, creating the taxable income.
LMAO, you think they pay inheritance?
Also, what a solution: let them extract wealth and not pay for 80-100 years. Then we can finally do something. Do you even realise how ridiculous that sounds?
-
Only people living in Malta are billionaires
