Rich Germans Want More Taxes
Posted on Oct 25, 2009
While America’s super rich are coping with bailouts and bonus envy, a group of well-to-do Germans, led by a brewery heir, has delivered a petition demanding a 5 percent wealth tax—on themselves. Imagine if Pete Coors demanded that the government spend more of his money on “ecology, education and social justice.”
Of course, America is not bereft of benevolent richies. Dieter Lehmkuhl would get a run for his money from the likes of George Soros and Warren Buffet, the billionaire who has famously said he doesn’t pay enough taxes. —PZS
The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany’s economic recovery.
Germany could raise 100bn euros (£91bn) if the richest people paid a 5% wealth tax for two years, they say.