Tax The Rich EU-Petition Update
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
Ideally we should massively share it in communities of the top 5 countries where the threshold wasn't reach.
So Denmark, Belgium, Italy, Netherlands and Slovenia.
But it's too late it end in 1.5 weeks.
Je viens de poster sur [email protected], on verra si ça a un effet
Lol malta being last is so fitting.
If only the Italian man who went there taught them about class inequality
The petition also needs to go over 1million signatures. So French and Germans signatures help as well.
Already signed!
signed
Edit/commentary: I understand that this proposal is less than ideal, because "tax the rich" is not going to solve the problem. We need a reform of our basic principles of economy. But it's a sign that something must be done against the inequality.
Hadn't heard of this yet. I signed it.
Slovenia ahead of Croatia! Let's goooo, all I care about!
Only people living in Malta are billionaires
You think everyone wants this but that's just not the case
+1 from Belgium!
Interesting that every country that was in the Soviet bloc doesn’t want a bar of this
RDA was part of the soviet block, but we don't have stats based on regions I guess
Europeans don't care. they just want to complain.
P.S signed
i believe they might not know that this is important and will affect folks who earn around 1000€ passively from interests... per day ^^
It's not that I don't care, I just haven't even heard about this until now.
Maybe they don't hate the rich?
This is why they teach Spanish in American high schools /s
Can someone tell me, where I can look up whether I have already signed or not?
Or do they remove duplicates automatically?
This is probably why Switzerland is not in the EU. LOL.
I'm not against this initiative per se. But this is just another tax on middle class people and doesn't tackle the real wealth being hidden in multinationals that don't pay any tax and hold governments hostage by threat of moving their employment away. They are the problem. They pollute like no other because no one is ever held accountable.
What makes you say it’s a just another tax on the middle class?
Again, I'm not against this initiative in it's entirety. I'm just remarking it doesn't tackle the real problem. And to answer your question, having savings around a million euros isn't weird for western Europeans. The standard of living here is fairly high. The average starter home is around 400k euros where I live. Meaning regular 4 people family homes are almost double that. Again. I'm not against this proposal. But it's just populist pandering. Most people just read the title and go "yeah eat the rich". I know Paul Magnette. I'd never vote for him cause he's not a sincere politician. He's a populist. It's the modern political disease, they're all populists. No one is honest anymore. They're all there in your face just to get votes. This proposal is nothing more than a simple ad and power grab. I wish it were different. I really do. The real problem is that no one who works for someone else earns their fair share. Corrupt governments won't solve this.
This much money is unhealthy to have, not middle class
From https://www.tax-the-rich.eu/home#info
What a bad initiative. This would basically guarantee that people in Europe can't ever retire on a modest income.
1.25 million euros per person on top of your main home doesn't allow you to retire?
It's probably not so much you can't retire, but you can't retire with an income that you'll be comfortable on.
A brief look suggests the average pre-tax wage in Belgium is around €3800, or about €45000 per year. Assuming you already own your home, or continue to pay mortgage payments at the same rate as before retirement, your pension needs to roughly match your income to not have a drop in living standards. A €1250000 pension pot will buy an annuity that pays a bit more than that, probably around €55000 a year, but assuming you amassed that in your pension pot you would probably have been on a higher than average salary, so it's going to be close, and an annuity at that level wont increase with inflation, so your buying power drops over time, just when you're more likely to need a care home or nursing support.
This just qualifies as ultra-rich - which is not wrong, imho. I don't know the exact conditions for Belgium but in Germany the taxes would start to show effect at 4,6 million with 2%. If you think about it assets in this magnitude could easily lead to 1000€ daily passive income. Those 2% wont hurt.
But it doesn’t include the home or business assets. So you could have one guy with €1.25 million in stocks who lives off a modest income from dividends and sleeps in an RV and he would be classified as ultra rich.
Another guy could live in a €2 million mansion and be the owner of a €100 million business (but have no other investments) and be classified as NOT ultra rich. See the problem?
Reposting my comment below because it seems people aren't aware of this
Belgium has public pensions with a minimum of €1,549 per month (https://www.brusselstimes.com/344282/monthly-pension-in-belgium-to-top-e1500)
You seem to assume that 1.25 millions is supposed to be your only income, but that’s not the case.
This initiative is a total garbage for two reasons:
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