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

  • BlackLaZoR@fedia.io
    2·
    2 months ago

    If this wealth was legitimately earned by your parents? Yes it is fair. Supporting your children is your sacred right.

      • BlackLaZoR@fedia.io
        3·
        2 months ago

        Usually by starting a company that produced valuable goods and services benefitting everyone and profiting off of it.

        You can also gamble but thats by definition a losing game

          • BlackLaZoR@fedia.io
            2·
            2 months ago

            sounds quiet unusual to be honest

            I think it’s the most common road to be a millionaire.

            Microsoft - Bill Gates Amazon - Jeff Bezos Berkshire Hathaway - Warren Buffet CDProjekt - Adam Kiciński, Marcin Iwiński (They started from absolute nothing, bazar stand with bootleg software) TOYOTA - Akio Toyoda, branched out from family buisness in textile industry

            Literally every single successful business made it’s founder a fortune

            • atro_city@fedia.io
              9·
              2 months ago
              • Microsoft: monopolist founded with a “small loan”
              • Amazon: monopolist founded with a “small loan”
              • Berkshire Hathaway - founded by a congressman’s son with access to wealth and education
              • CDProjekt, wow an outlier!
              • TOYOTA - generational wealth

              Literally every single successful business made it’s founder a fortune

              LMFAO “the winners won”. Any other tautologies you want to spout? “The losers lost” maybe?

              • BlackLaZoR@fedia.io
                1·
                2 months ago

                Even if you had access to the capital, you’d most likely fail - because running a business is hard

                For every Bill Gates or Bezos there are dozens if not hundreds who sunk the entire initial investment.

                You hate survivors for some reason.

                • atro_city@fedia.io
                  3·
                  2 months ago

                  Invests money they don’t own at no risk

                  Allowed to do so as many times as necessary until success

                  Has access to advisors, education, can hire entire teams out of the gate

                  “I am just like you”

            • 7eter@feddit.orgOP
              5·
              2 months ago

              “valuable goods … benefiting everyone” not on the cost of others is what’s lacking here

              • BlackLaZoR@fedia.io
                2·
                2 months ago

                valuable goods … benefiting everyone

                If other people are buying what you produce, in almost every case you produce something valuable, and a person who buys from you benefits.

                There are exceptions - drugs, weapons, slot machines ect.

                But basically everything you see around yourself that was made by man, was produced by a successful business, and bought by somone who needed it.

                  • BlackLaZoR@fedia.io
                    2·
                    2 months ago

                    not on the cost of others

                    It’s not on the cost of others, its a fair exchange. Both sides benefit

    • barsoap@lemm.ee
      7·
      2 months ago

      Hey ho I have a paper for you

      We demonstrate that chance alone, combined with the deterministic effects of compounding returns, can lead to unlimited concentration of wealth, such that the percentage of all wealth owned by a few entrepreneurs eventually approaches 100%.

      …note no skill required. Conversely, hustling won’t get you there.

      We show that a tax on large inherited fortunes, applied to a small portion of the most fortunate in the population, can efficiently arrest the concentration of wealth at intermediate levels.

      So we don’t even have to hit millionaire kids. Inheriting 5-10 million a head is fine, systemically speaking. And if you think that your kids are better off with more money I sincerely feel sorry for you.

      • BlackLaZoR@fedia.io
        1·
        2 months ago

        …note no skill required. Conversely, hustling won’t get you there.

        You didn’t read that paper. From fast skimming I can clearly see that their simplified model didn’t check for impact of skill at all.

        It says nothing about real world except there’s a wealth concentrating factor of being ahead. Other factors are ignored

        • barsoap@lemm.ee
          7·
          2 months ago

          This result is robust to inclusion of realities such as differing skill among entrepreneurs.

          The key thing is that this paper looks at generational wealth accumulation. Even if families which consistently churn out stellar business people were in any way common (data says otherwise) that effect is still completely overwritten by already being ahead. As a billionaire kid, the extent of business skill you need to have to not lose everything is to hire people who have business skill and then slurp Caipirinhas on your yacht from your ample, ample dividends. And if you lose everything, well, you’re losing it, on aggregate, to other billionaires, so wealth concentration still proceeds.