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
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
You dream they do.
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"?