Gregory's Server@rysiek hello! This is an interesting initiative, but I'm wondering if there's any more information on how they plan to determine the "ultra-rich". The only thing I could find on the website is that they plan on determining it based on each country's economic context - in Belgium they would consider anyone with 1.25 million in assets ultra-rich. Did I miss more info anywhere? To me this would be critical info to know the exact formula, and how progressive the tax would be.
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@rysiek That's a fair answer. The biggest concern I have would be if this hammers the upper middle class and is not aggressive enough on the real ultra rich. Someone with 1.25 million in assets in Belgium and a billionaire are not remotely in the same league - I would want the "progressive" aspect to be very aggressive. Agree those are particulars though, and those discussions can't be had without starting somewhere. This is probably as good a starting point as any. Beats inertia at least 👍 |
@jcachada this is a fair question; one that I have not found a clear answer to as well.
But the way I see it, this is an extremely early step in a potential legislative process. This issue will be hammered out throughout that process, if it ever actually gets the required support.
It's not like we're voting on a specific terms here. Just saying "yeah that sounds like something we should spend some EU time figuring out properly." So, that sounds reasonable to me.
That, and Pikkety is involved.