France wants to make one-off wealth tax permanent

17 comments

1. “France’s debt rose by 202.7 billion euros to 3.3 trillion euros ($3.55 trillion) last year”

   This is debt, not deficit, right? So they borrow more than 15x more last year than ALL years before that? What do they spend the money on?

2. America needs a 10% wealth tax every year beyond a Billion dollars . Don’t worry about your first 1,000- Million. ( billion )

3. Don’t forget to implement an exit tax for those who don’t wish to support their country. Say… 85%?

4. > Individuls earning more than 250,000 euros ($285,000) a year and couples with a joint income of more than 500,000 euros will this year pay a minimum 20% income tax.

   What am I missing? In the UK 20% is the *basic* rate and you go to the ‘higher’ rate of 40% from just 50k. 

5. A wealth tax is on wealth (assets) not income. The body of the article seems to disagree with the title of the article.

6. They should increase it to 40% minimum

7. Biggest damage I feel that has done to countries is just how taxes have become something viewed as evil. In the US what has to a degree screwed over current and future generations are the permanent tax cuts. The whole point of having tax cuts is to give the economy a boost when in need. But they are supposed to go back up.

   But we are lowering them over and over to the point where what happens if another major covid occurs again, or something worse? There is only so much one can cut from taxes before nothing else can be done. It is like being an enabler, popping stronger tax cuts for that high and reaching the same high gets to exceedingly more difficult.

   For me it is raise taxes, especially for those making over 400k. Get rid of loopholes for taxes, focus more on subsidies and large projects that employ people like infrastructure. Last point I’m wanting to make. As we keep cutting taxes, how do we fund the government? Well no one cuts military so they will justify cutting benefits, medicaid, ss, etc.

8. every country needs to do this or else the rich will just move their money someplace else

9. “one-off” and “tax” never work. When was the last time a temporary tax actually ended?

10. Trevor Noah explains all. If you haven’t seen this clip you have to because he uses Elon Musk as the example. https://www.youtube.com/watch?v=dEWewDaRbBU

11. Good for them, the US should have done this before oligarchs tore apart the system.

12. Does that include bazillionaires who don’t earn an “income”?

13. That’s not a wealth tax, that’s an income tax.

14. Income tax will never fix a damn thing. For the simple reason that the really wealthy don’t EARN they OWN. And the article mentions fuck-all about taxes on ownership (unless I missed it?), just income tax rates.

15. Wait until they lower the base amount. No tax is temporary or “just for the wealthy “ .

16. the entire western world needs to do this

    where the fuck are they gonna go, NK?

17. ….again? Did they forget that the last time they did this, immense amounts of French wealth just went to Switzerland?

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