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Old 06-07-2011, 08:10 AM   #10 (permalink)
Baraka_Guru
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You've brought this up before in other threads, ace.

The group of rich Germans pushing for this wealth tax numbers about 44. According to the man behind the petition, there are "2.2 million people in Germany with a fortune of more than 500,000 euros." Even after a little quick math, this suggests that there are more than 2 million wealthy Germans who may or may not agree (or even know about) this wealth tax proposal.

A group of 44 wealthy Germans writing cheques to the government may not have the same impact as 2.2 million wealthy Germans being taxed 5% over two years to raise £91 billion.

Dividing £91 billion between 2.2 million people vs. 44 is more manageable, no?

That's why they simply don't write a cheque to the government. I'm not sure how keen (or capable) these people are about writing individual cheques for over £2 billion each. That'd be like writing a cheque for about $3 billion U.S.

The wealthiest of the wealthy Germans could probably do this, but it's not like that's the goal of the petition. I'm not sure what Dieter Lehmkuhl is worth, but he can't write a cheque for £91 billion. Not even Warren Buffett can do that. I'm not sure Lehmkuhl can even write one for £2 billion.

Regardless, this isn't about charity.

Try to keep everything under consideration.

---------- Post added at 12:10 PM ---------- Previous post was at 12:04 PM ----------

Quote:
Originally Posted by filtherton View Post
What are these rich people hiding, Ace? Or are you just blowing smoke?
Maybe they're hiding the fact that they can just loophole their way out of the 5% wealth tax and make it seem like they're helping when they aren't paying an extra cent.

Maybe it would let them save more overall in taxes, where they end up with even more money!


Never trust the rich, right?
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Last edited by Baraka_Guru; 06-07-2011 at 08:22 AM..
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