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
This initiative is a total garbage for two reasons:
Taxing unrealized gains is immoral and a LOT of people won't ever sign this petition
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
So....Elon musk instead of paying $0 income tax as an American citizen would pay $0 as an expat?
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?
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?
I think they do.
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
Depardieu is a wanker who was practicing tax evasion long before he left.
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?