this post was submitted on 24 Jul 2024
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Europe

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[โ€“] [email protected] -2 points 1 month ago (4 children)

This isn't targeting a doctor or lawyer or some other highly paid individual earning six figures, this is targeting the truly wealthy, People hoarding generational wealth

You're wrong. Their definition of "ultra-rich" is suggested to start at โ‚ฌ1.25M of disposable assets. That would easily hit doctors and lawyers in EU countries.

[โ€“] [email protected] 6 points 1 month ago (3 children)

Yeah but that's not including a primary residence or any salary based remuneration. So if you take that into account then it's entirely reasonable as a starting point. It also states that the calculation would be influenced by cost of living in a given country so places with HCOL would potentially be a larger amount.

Don't forget as well, it would likely be modeled on progressive taxation therefore any tax of this nature would only apply on anything above the โ‚ฌ1.25M proposed figure

[โ€“] [email protected] -3 points 1 month ago* (last edited 1 month ago) (2 children)

I don't think it's reasonable. It's aiming at upper middle class instead of actual, ultea-rich. Disposable assets of a million euros is far closer to the poor than the billionaires.

And I'd like to have an actual definition than hoping it'd progress from there once implemented.

[โ€“] [email protected] 6 points 1 month ago

You make a fair point but we can't let perfection be the enemy of progress on this though, the stakes are too high.. Better to get the movement off the ground and down politicians throats so they take it seriously. The details we can work out as it gets to the point of being taken seriously by European Parliament

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