@rysiek Ok as a law student there are a couple of things I wanted to braindump about the tax-the-rich initiative.
As a preface - this is not to discredit the initiative. Even if it does not go through (which I suspect will be the case), the popularity it gained is already a strong enough message.
Enough bla-bla, lets get to my 2 main doubts:

- The commission is not required to act upon the initiative. Even with a totally valid initiative, they have no obligation whatsoever, to start a legislative procedure.
- The initiative is based on the art 115 TFEU, which requires a *unanimity* in the Council - the Eu institution that represents the national governments of the member states. This means that, even if the Commission does go through with the initiative, litteraly every single member state will have to agree to it. And with varying levels of democracy and socialistic tendencies in the member states, this seems unlikely to me.

To be fair I just hope that the initiative will stir enough shit up.