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.