A group of activists, economists, politicians, and even some billionaires, have registered an initiative calling on the EU to introduce an tax on the very rich to fund social and environmental transitions — is it feasible?
In reality, however, inequalities have persistently grown, to the point where today the richest 1% of the world’s population own almost half of the global wealth and that same 1% also emit more CO2 than the poorest half of the planet.
Dumb argument for a tax in the EU.
If you earn 45000€ or more per year (post-tax) you are in the 1%. (According to this)
That sure is a nice wage, but it’s definitely not rich and employees with a degree are not the people we should be taxing even more.
Also this:
The richest 1% of the planet own nearly half of all wealth. These same ultra-rich emit more CO2 than the poorest half of the planet.
If you earn 45000€ or more per year (post-tax) you are in the 1%. (According to this)
€45,000/yr is in top 1% globally, but not the top 1% for the EU. Either way, the article is discussing a tax on wealth, not income. Even if €45,000/yr was in the top 1% income for the EU, someone making that salary is extremely unlikely to have accumulated enough assets to place them in the top 1% for wealth.
Dumb argument for a tax in the EU.
If you earn 45000€ or more per year (post-tax) you are in the 1%. (According to this)
That sure is a nice wage, but it’s definitely not rich and employees with a degree are not the people we should be taxing even more.
Also this:
So 45000€ is ultra-rich?
€45,000/yr is in top 1% globally, but not the top 1% for the EU. Either way, the article is discussing a tax on wealth, not income. Even if €45,000/yr was in the top 1% income for the EU, someone making that salary is extremely unlikely to have accumulated enough assets to place them in the top 1% for wealth.