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?
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.
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
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.
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.
Les critères pour définir un « ultra-riche » devraient varier d’un pays de l’UE à un autre en raison des différences économiques, fiscales et sociales entre les Etats membres. A titre d’exemple, en Belgique, nous proposons que toute personne qui dispose de 1,25 million d’euros en plus de son habitation principale et des avoirs affectés à son activité professionnelle soit qualifiée d’ « ultra-riche ».
If disposable assets (in addition to your house and normal expenses) of €1.25M counts as ultra-rich in Belgium what is rich then? And well-off? Isn’t the whole “eat the rich” idea targeted at billionaires which is a whole other level than this definition?
1 million is like a good salary for 30 years (3.000€ Net for almost 28 years, 3K€ is great here in the EU).
If that’s not some exceptionnal richess, well then I think it should be. Of at least tax them somewhat (the richer you are here, the less you pay in taxes)!
Billionaires are just ridiculous, parasites of the society, and should be taxed til they are just stupidly rich.
The “idea” stems from envy. It sounds good when it targets billionaires, but it will end up taxing anyone slightly well-off.
Call me crazy but having €1,25M in assets (beyond your professional assets and home) while there are still people in need seems like a fine point to start contributing more to society and less to further increasing your personal wealth. If I had anywhere near that much money, I’d happily double my tax rates if it went to supporting those who can’t support themselves and assisting those who could benefit from it.
I also suspect the home value exception is a major loophole here. The rich would begin investing more than ever into their homes.
Very nice initiative. Please send the link to people you think might sign. Especially if they are located in countries that haven’t reached the quorum yet.
ah fuck. We hate rich people too much. Dont have anyone I can send it too then….
Signed from Finland
I really hope this gets enough support to progress
