If this commie plan goes through, it will not stop with billionaires or with 2%.
Also, note that our friends in the EU want this tax to be “global”.
And now a word from the EU Tax Observatory:
So Billionaires who worked hard, and already paid tax on their accumulated wealth will be hit with another tax because it’s “not fair” that they’re billionaires?
No it will not. Wealth is mobile. They will simply move their wealth
Meanwhile, this is money that will be used to finance globalist aims, not some sort of charity.
[[but the group says the revenue could help governments to invest in key areas such as health care, education, and climate policies]]
In otherwords, they want billionairs to foot the bill for special Interest groups who happen to grease the palms of the officials
The billionairs get their money legitimately- but the eu wants to steal the money they make-
Invest in Climate?
Proof they are nutters.
Billionaire tax is how they started income tax.
Aside from the stupidity of this, once the camel’s nose is in the tent, the cut off will rapidly creep down and effect the middle class.
$250 billion
Enough to give five billion folks fifty dollars each.
Good plan.
If these billionaires just spent their money on personal matters instead of using it to corrupt our politicians I might ignore them, but they are using their money instead to corrupt our government & society for their own personal interests and benefit. So go ahead and tax the hell out of them as far as I am concerned. These billionaires have acquired way too much power.
A Better Idea:
Remove regulations on the rest of us so we can be upwardly mobile.
That is a better way to achieve equality.
I’m so glad to hear this. Now everyone can “pay their fair share”. Just as soon as someone decides just how much of
of someone’s effort/contribution is the “fair part”. Should prove interesting.
🙏🇮🇱👍
Hey EU, try it first in your area of influence first and let us know how it goes.
(Of course they won't, and I suspect many of us know why)
They are assuming that billionaires just keep all that cash laying around. How do they plan on tracking the wealth when it can be dispersed across the globe, and across many different platforms (art, crypto, stocks, real estate, etc.)?
That will fund the first month - who do they go after next month?
If one imposes a 50-percent tax on billionaires.....whatever it is that they run/manufacture...will increase to the level to pay for that tax. In reality, You could be talking about a Burger King menu bag worth $11 today...costing $32 in this world of reality. And if they can’t achieve that...they will cease their product production and go someplace else to make it.
If this commie plan goes through, it will not stop with billionaires or with 2%.
Also, note that our friends in the EU want this tax to be “global”.
And now a word from the EU Tax Observatory:
https://www.taxobservatory.eu/
I feel dumber after reading their crap. You can leave a message for them. Mine was “F off”.
And a bonus to a wealth tax is that everything you own is now the government’s business. In order to ‘fairly’ charge the tax, the government will have to have access to your home, your safe-deposit boxes, everything. Of course, comrade, if you have nothing to hide, you have nothing to worry about.
“I see you have some money there. Give it to me.”
They dress up wanting to grab more money for the government.