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Keyword: 100percenttax

Leftists demand 100 percent tax on the rich (“Die Linke”)

02/02/2013 10:26:43 AM PST · by Olog-hai · 18 replies
TheLocal.de ^ | Published: 1 Feb 13 10:25 CET | (DPA/The Local/jcw)

Germany’s socialist Left party want a 100 percent tax on anyone earning over €500,000 ($683,100) and will be including the policy in their general election campaign platform, a newspaper reported on Friday. “We are suggesting that no-one should earn over 40 times the societal minimum,” said The Left’s co-leader Katja Kipping in the party's draft election platform, which was seen by regional newspaper the Mitteldeutsche Zeitung. The party paper said the total tax on those taking home over €40,000 ($54,648) per month would be used to fund social welfare and investing in the country’s future. …

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