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In reply to the discussion: Taxing wealth is the next logical step [View all]muriel_volestrangler
(101,297 posts)21. Yes, some:
http://en.wikipedia.org/wiki/Wealth_tax
France is about to expand the amount taken:
France is about to expand the amount taken:
Debt woes and tough budget deficit reduction plans have spurred the newly elected Socialist Government of France to propose tax rises targeting the rich equivalent to 7.2 billion euros.
The taxes include a wealth tax on the rich and higher taxes on dividends as well as oil companies. Taxes exemption on overtime will be scrapped and higher taxes on stock options will be imposed.
Those with fortunes over 1.3 million Euros will be hardest hit as the government has brought down the wealth tax threshold as well as tightened the inheritance tax laws. In addition, financial transaction tax will be raised to 0.2%, according to the amended budget proposed by the Socialist government.
http://www.egovmonitor.com/node/52096
The taxes include a wealth tax on the rich and higher taxes on dividends as well as oil companies. Taxes exemption on overtime will be scrapped and higher taxes on stock options will be imposed.
Those with fortunes over 1.3 million Euros will be hardest hit as the government has brought down the wealth tax threshold as well as tightened the inheritance tax laws. In addition, financial transaction tax will be raised to 0.2%, according to the amended budget proposed by the Socialist government.
http://www.egovmonitor.com/node/52096
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Extremely obvious. Shows how bought are government and institutions are as a society. nt
PufPuf23
Jul 2012
#3
Businesses can either invest it themselves hiring workers or the government will tax them and do it
NNN0LHI
Jul 2012
#9
That's just verbiage for a 'wealth tax' (or a 'tax on savings'). The idea
coalition_unwilling
Jul 2012
#27
Probably not a gold coin worth significantly less than what you're taking from them.
Blanks
Jul 2012
#90
Wow, that's what the Libertarians say. Fortunately history doesn't support you.
Zalatix
Jul 2012
#58
If you have a Billion in cash in the bank, you're not "relying on receivables"...
lastlib
Jul 2012
#30
Ummm, that's what I said. You save the cash so you don't have to rely on receivables
TBMASE
Jul 2012
#45
Tax all inheritances above $5 million at 100%. Tax all transfers of money out of the country at 200%
AnotherMcIntosh
Jul 2012
#15
If they want to go, they should go - but without the protection of the U.S. laws.
AnotherMcIntosh
Jul 2012
#34
No, it's called social democracy, and it works pretty damn well Canada and Western Europe
Hippo_Tron
Jul 2012
#128
I am against a wealth tax, per se. But our progressive tax system is a wealth tax, to some degree.
Honeycombe8
Jul 2012
#41
couple this with a repeal of the income tax and you've got a capitalist economist's wet dream
unblock
Jul 2012
#52
A flat tax on wealth of 2% per year will raise $1 trillion, and solve our budget problems.
reformist2
Jul 2012
#54
Don has a great idea here! The FIRST step would be for people to stop putting 1%ers in Congress.
slackmaster
Jul 2012
#56
A wealth tax is a taking. If you want that then you have to change the Constitution.
AngryAmish
Jul 2012
#61
Property taxes are used to finance vital government services, not general wealth redistribution
slackmaster
Jul 2012
#76
That was the logic we used to follow. Until Reagan and Trickle Down Economics.
Overseas
Jul 2012
#62
Hire new workers to do what? Why would a business owner hire new workers if he didn't need them?
SlimJimmy
Jul 2012
#79
So, your company hired and paid new workers they didn't need just so they could go out and purchase
SlimJimmy
Jul 2012
#101
"Taxing WEALTH ... is the most radical idea I can think of short of armed revolution"....
Junkdrawer
Jul 2012
#93
not happening. who will do the taxing when the potential taxees own and fund the potential taxors?
HiPointDem
Jul 2012
#134