this post was submitted on 28 Aug 2024
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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

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[–] [email protected] 4 points 2 months ago (1 children)

Edge cases are what these guys used to get their fortunes in the first place. The more common term for these is tax loopholes! Everyone knows that big corporations like Apple use them (“Double Irish” being the most infamous) but individuals use them all the time.

Anyway, the point I’m making is that I really don’t care about the RV sleeping millionaire, I care about taxing the 200 millionaire business owner I mentioned who would currently be exempt. Because of the loophole, you can bet that all of the “ultra-rich” are going to restructure their investments into a single business they own so that they can completely exempt themselves from the tax.

[–] [email protected] 3 points 2 months ago

Yeah, start with this law then close loopholes. It's like you're climbing a cliff, you don't leap straight to the top you get handholds where you can find them and make your way up.