Yay! Germany is the second country having reached the #TaxTheRich European Citizen's Initiative minimum threshold! Only 5 more countries to go! Sign the initiative for your country now!
Yay! Germany is the second country having reached the #TaxTheRich European Citizen's Initiative minimum threshold! Only 5 more countries to go! Sign the initiative for your country now!
Attached: 1 image Yay! Germany is the second country having reached the #TaxTheRich European Citizen's Initiative minimum threshold! Only 5 more countries to go! Sign the initiative for your country now! https://eci.ec.europa.eu/038/public/ #OurFutureOurPlanet #SaveOurPlanet
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Tax the rich, and the rich will leave. When the rich leave, good luck getting a job since there are less places to work. Got no job? Enjoy being poor! Wanna start a business? You can but your better off working a 9 to 5!
If I was rich, I would avoid countries with high taxes and countries that target the rich since why the fuck would you as a rich guy live in a country that robs you with joy?
So why don't all of the rich just leave and go live on an island together where there's no tax and no poor people?
How do those boots taste?
Up to a certain point, the rich don't leave a country because of high taxes, there are studies that support it.
Also, the rich usually are not the biggest jobs providers, most of the time in developed countries, these jobs have already been moved to China or another cheap labour country.
The rich can leave if they want. They can't take their assets with them so we can tax the shit out of their assets while they pack their bags. The whole point of this is redistribution of wealth. This isn't targeting a doctor or lawyer or some other highly paid individual earning six figures, this is targeting the truly wealthy, People hoarding generational wealth
This isn't targeting a doctor or lawyer or some other highly paid individual earning six figures, this is targeting the truly wealthy, People hoarding generational wealth
You're wrong. Their definition of "ultra-rich" is suggested to start at €1.25M of disposable assets. That would easily hit doctors and lawyers in EU countries.
Yeah but that's not including a primary residence or any salary based remuneration. So if you take that into account then it's entirely reasonable as a starting point. It also states that the calculation would be influenced by cost of living in a given country so places with HCOL would potentially be a larger amount.
Don't forget as well, it would likely be modeled on progressive taxation therefore any tax of this nature would only apply on anything above the €1.25M proposed figure
I don't think it's reasonable. It's aiming at upper middle class instead of actual, ultea-rich. Disposable assets of a million euros is far closer to the poor than the billionaires.
And I'd like to have an actual definition than hoping it'd progress from there once implemented.
You make a fair point but we can't let perfection be the enemy of progress on this though, the stakes are too high.. Better to get the movement off the ground and down politicians throats so they take it seriously. The details we can work out as it gets to the point of being taken seriously by European Parliament
I (and partner) just bought a house in that price range and we'll have to pay it off in the next 30 years. I feel very rich for this, even though my net worth is of course still waaay below that figure.
If you can afford paying a house this price out of your pocket without a mortgage, that definitely sounds ultra-rich to me.
That being said, I think putting in that exact number might not be the best strategy to get many people to sign. I'd have aimed a higher, maybe 5M€.
People never like to be consider themselves rich, everyone always likes to think of themself as being part of the middle-class. Everyone who thinks they might at some point reach those 1.25M€ of net worth (even of mostly illusory) on top of business and residence might thinks it's too little as a threshold.
If I was rich I would live wherever made me happy, probably somewhere with lots of nature, and I'd be happy to pay my share in taxes cus I can trivially afford it.
It would be incredibly depressing to be rich but only find joy in hoarding money.
That's why an EU-wide measure is useful. Obviously, only a global measure could truly prevent rich people from just moving to a different country, but making it more annoying to dodge taxes than to just move a few hundred kilometers, is already a step in that direction.
In particular, on a rational level, these rich people do not need to care. They have significantly more money than they could ever spend. At best, they'd want to dodge taxes to get their high score to grow more quickly.
why the fuck would you as a rich guy live in a country that robs you with joy?
Everyone has to contribute to the system. Calling taxes robbery is just bullshit.
Anyways, the whole "the jobs will be lots" thing is bullshit too. As long as there is value to be extracted capitalists will employ people.
Those rich fucks don't contribute anyway so let them move into the desert where they can be tax free with no infrastructure, security, or amenities.