this post was submitted on 28 Aug 2024
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submitted 2 months ago* (last edited 2 months ago) by 7eter@feddit.org to c/yurop@lemm.ee
 

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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[โ€“] Thomrade@lemm.ee 6 points 2 months ago (1 children)

I dont know where this OP is living but having a million Euros in savings is definitely NOT normal, nor is it "middle-class". Yes the houses can cost that much, most are mortgaged and the owners saddles with half a million in debt, desperately hoping for the prices to rise to make a profit. And there's a significant housing shortage in several western euro countries too.

[โ€“] Avero@feddit.org 1 points 2 months ago

Rich people usually dont have their wealth laying around on a savings account, but rather own shares of a company or property or something else, but not cash. If you're lucky and bought a house in a metropolitan area a few decades ago, it's also not unlikely that you're a millionaire on paper with a normal middle class income. Just having double the income of the average isn't that absurd, some people just earn a little more than others. The real issue is waaaaay above this level of wealth. Not the 60y/o guy who has a few hundred thousand in his pension savings.