Tax The Rich EU-Petition Update
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
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This initiative is a total garbage for two reasons:
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Taxing unrealized gains is immoral and a LOT of people won't ever sign this petition
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Expect the great exodus of capital from the EU if such proposal ever passes.
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
That news is 10 years old.
In the meantime, Macron removed the wealth tax.
Did Depardieu come back to France? There are other places to avoid wealth tax in Europe. Depardieu first moved to Belgium, why go all the way to Russia? Seems to be more than just tax reasons. He is also now a citizen of a United Arab Emirates.
Did Depardieu come back to France?
Why should he trust french government not to screw him over?
That news is 10 years old.
Yes, but it doesn't invalitate it in any way.
Depardieu is a wanker who was practicing tax evasion long before he left.
We don't need useless piles of garbage like him.
We don't need useless piles of garbage like him.
You do want his money tho - hence the attempt of 75% tax rate. But you aren't getting any of his income, he doesn't pay his taxes in france anymore.
It's ok, these faux french cunts can fuck off to another country. Makes room for people who actually care about the country.
We weren't getting any of this fraudster's money anyway.
If anything he cost us more money than anything in fake grants.
So you have a horrible legal system, and he's great scapegoat to divert attention from fraud underneath? Am I missing something?
Your brain, for sure.
So....Elon musk instead of paying $0 income tax as an American citizen would pay $0 as an expat?
paying $0 income tax as an American
Let me guess - he borrows against his assets so it isn't taxable income? That's a pathology in the legal system. He should absolutely pay regular income tax on this. But regular income tax isn't the same as proposed wealth tax
That is the thing that need to change, but how do you legislate that without fucking up the little guy with 100k in 401k. Or the random dude making HELOC that's going to be taxed harshly?
That is the thing that need to change, but how do you legislate that
Simple, when he dies, during the inheritance proceedings, all debts should be paid off from the sold assets, and the due income tax collected as if he sold these assets himself when he was alive, creating the taxable income.
LMAO, you think they pay inheritance?
Also, what a solution: let them extract wealth and not pay for 80-100 years. Then we can finally do something. Do you even realise how ridiculous that sounds?
LMAO, you think they pay inheritance?
I think they do.
Do you even realise how ridiculous that sounds?
It's not ridiculous - they're accumulating interest on that debt. The more interest the have to pay, the bigger taxable income in the end. It's a great long term investemnt for the state
I think they do.
You dream they do.
It's not ridiculous
Ah, the troll has revealed itself. What's next, you're going to tell me the fantasies of trickle down economy working? You're going to tell me how buying a yachts, cars, jewels, and hookers is an investment? Let me guess "it's in an investment in themselves to generate more money"? "Emptied balls clear the mind for future business decisions"?
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