A European Citizens Initiative wants to introduce a Wealth Tax (and they need your help)
A European Citizens Initiative wants to introduce a Wealth Tax (and they need your help)
Nous voulons un impôt européen sur les grandes fortunes pour financer la transition climatique et sociale et aider les pays victimes des dérèglements climatiques.
Done
Thanks!
Sorry, but you're not going to get von der Leyen and Metsola to "tax the rich".
Plus, I don't trust any of those people to tax the real rich, but I could easily see them levy a new tax on us.
Done
Thanks!
France and Germany already hit their quorum. Now five more member states need to hit 100%. And the main goal of reaching 1 million of course.
Easy and quick, and we're a quarter of the way there, as of this comment
Signed it when it came up a previous time
Done, it takes like 20s. You don't need to provide an ID number or anything like this, and it's on the official EU website
What about doing actually interesting stuff like making sure that in some EU countries citizens can’t get taxed at 50% and we set a EU wide limit for income taxes and a flat tax approach instead of the progressive bullshit we’ve right now?
Progressive income taxes are essentially the govt saying “we don’t want you to become better, earn more and have a better life, just be poor”.
You don't understand how progressive taxes work. No one is punished for earning more. Even if you reach he maximum rate, the maximum rate is only coming out of your disposable income (unless you are a complete idiot living no only above your means but well above what's reasonable).
In practice that’s doesn’t work out. Govts don’t care about properly defining what constitutes as “disposable income” and in the EU we don’t get all the nice tax benefits people get in the US. It’s just rape to tax someone at 15% and then someone else who makes 2x that at 45% or something like that.
Furthermore why should I be taxed for “disposable income”? I should be able to save and invest some money (stuff that ins’t deductible in most of Europe). I don’t live paycheck to paycheck and have to get a loan and live of credit cards like most of the US does.
So, yes, my country does tax me for earning more, the money comes straight out of my monthly paychecks, I don’t even see it. Only if I’ve healthcare, education and a few other expenses I may see a small fraction of that money coming back to me, but up to some limit. If I decide to buy a car, a house or invest in stocks I won’t be ever see that money back.
Progressive taxes are a way to make up for the imbalance of poorer people spending a higher proportion of their income on essentials, it's a fundamental of economics. Although I have heard that the tax brackets in Russia are completely flat (not that that makes it any better).
The logic behind doing more, working extra, going to university, starting companies and all of that is to make more money so you won’t be just surviving. Taxing that people an higher percentage just because they make more money is effectively punishing people for their hard work and telling younger generations that they shouldn’t work very hard.
Look the issue here isn’t that you’ve people making more money - those people should actually be rewarded for it, because making more money means more contribution to society - but that there are people making less than they should / is feasible to have a comfortable life in modern times. I would rather fund initiatives to improve those “poorer people” life’s than this.