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Yay! Germany is the second country having reached the #TaxTheRich European Citizen's Initiative minimum threshold! Only 5 more countries to go! Sign the initiative for your country now!
https://eci.ec.europa.eu/038/public/
#OurFutureOurPlanet
#SaveOurPlanet
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.
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.