Published
Video duration:
1 minute
A tax for the ultra-rich is gaining ground and could bring in more than 200 billion euros per year, according to a study commissioned by the environmental group in the European Parliament which puts the subject back on the table.
Should we tax the rich? This is a question that comes up regularly. The group of the Greens in the European Parliament are relaunching this idea of taxing the 0.5% of the richest in Europe, who concentrate more than 20% of wealth alone. Taxing them would allow us to recover 213 billion euros according to the report by the NGO Tax Justice Network. This tax would on all real estate assets, bank deposits and works of art.
Spain launched a temporary wealth tax
Spain took the lead in launching a temporary wealth tax. This will last two years and should bring in three billion euros. According to the same report, France would receive 46 billion in tax revenue with the implementation of this tax. This idea makes Also its way to the United States, where Joe Biden’s proposal to introduce a billionaire tax is popular in the eyes of public opinion.