Rich Germans Want More Taxes
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."
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
Wait, before you go…BBC:
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.
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
Opinion
Staunch capitalists like Gurner tell us every day they want more exploitation and precarity for people just trying to get by.
Ear to the Ground
The administration says the moves will safeguard renters and promote rental affordability.
Business & Economy
The cost of living might be rising faster for them.
Asia Pacific
In India, Pakistan, and Sri Lanka, religious politics has led to economic disaster.
Dramatic action is needed now to blunt the immediate pain of vulnerable workers.
The response to the coronavirus pandemic reveals that it’s possible to significantly reduce emissions that cause air pollution and climate change.
There are currently no responses to this article.
Be the first to respond.