When Government Works
The BBC reports that Rich Germans demand higher taxes
A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes.
The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany’s economic recovery.
Germany could raise 100bn euros (£91bn) [$150 billion] if the richest people paid a 5% wealth tax for two years, they say.
They note that they could donate to charities, but that isn’t as efficient as having the government do it. These people obviously don’t think that having a lot of poor, homeless, sick people is good for the economy, and think that everyone should pay a fair share.
Germany’s existing safety net means that the pain is nowhere near as bad as the US, but wealthy people in Germany are bothered by it.
2 comments
The hilarious part is that the Wall Street Journal published a “news” article yesterday about how the new German coalition government’s recovery plan is a “failure” because… (wait for it….) it doesn’t include enough tax cuts for the rich!
The mind boggles. Tax cuts for the rich worked just so well for the U.S. economy, didn’t they?
– Badtux the Economics Penguin
.-= last blog ..And I’m BAAAACK… =-.
When it’s the only tool you own…
You really have to wonder how many times the lower taxes have to fail before it occurs to these people that it never works.