On the surface this looks like it's %5 of someone's net worth, not
their income...  Is net worth tracked by the government in Germany?
What is the "wealthy person" is not liquid - do they have to sell
assets to pay this unexpected tax?

Odd to be sure.

-Cameron

On Sat, Oct 24, 2009 at 1:18 PM, Vivec <[email protected]> wrote:
>
> Those damn, dirty socialist, humanist bastards.
> What are they trying to prove?
> 1 Billion Euros if the ultra rich were taxed by just 5%....
> pffft...as if!
>
> http://news.bbc.co.uk/2/hi/americas/8323711.stm
>
> 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) if the richest people paid a
> 5% wealth tax for two years, they say.
>
> The petition has 44 signatories so far, and will be presented to newly
> re-elected Chancellor Angela Merkel.
>
> The group say the financial crisis is leading to an increase in
> unemployment, poverty and social inequality.
>
> Simply donating money to deal with the problems is not enough, they
> want a change in the whole approach.
>
> "The path out of the crisis must be paved with massive investment in
> ecology, education and social justice," they say in the petition.
>
> Those who had "made a fortune through inheritance, hard work,
> hard-working, successful entrepreneurship, or investment" should
> contribute by paying more to alleviate the crisis.
>
> The man behind the petition, Dieter Lehmkuhl, told Berlin's
> Tagesspiegel that there were 2.2 million people in Germany with a
> fortune of more than 500,000 euros.
>
> If they all paid the tax for two years, Germany could raise 100bn
> euros to fund ecological programmes, education and social projects,
> said the retired doctor and heir to a brewery.
>
> Signatory Peter Vollmer told AFP news agency he was supporting the
> proposal because he had inherited "a lot of money I do not need".
>
> He said the tax would be "a viable and socially acceptable way out of
> the flagrant budget crisis".
>
> The group held a demonstration in Berlin on Wednesday to draw
> attention to their plans, throwing fake banknotes into the air.
>
> Mr Vollmer said it was "really strange that so few people came"
>
> 

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