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Thread: Wealthy Germans Launch Petition for Higher Taxes

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    Wealthy Germans Launch Petition for Higher Taxes

    Some rich Germans have launched a web petition to call for the resumption of a wealth tax to help the country bounce back from an economic crisis, because, as one said, he had "a lot of money I do not need."

    The text, posted at www.appell-vermoegensabgabe.de, has been signed by 44 people who want to convince the government of newly re-elected Chancellor Angela Merkel to raise their taxes.

    For retired doctor Dieter Lehmkuhl, 66, it is time the wealthy came to the aid of their country. He reckons that if the 2.2 million Germans who have personal fortunes of more than €500,000 ($750,000) paid a tax of five percent this year and next, it would provide the state with €100 billion.

    Lehmkuhl got the idea when Berlin stumped up billions of euros to save banks and give the recession-hit economy a boost.

    "It made me mad to think that we suddenly found all this money for the banks, money that we did not have before for urgent programmes like education and the environment," the left of centre weekly Die Zeit quoted him as saying.

    The former doctor would like Germany to have its own version of the the US group United for a Fair Economy (UFA), which includes around 700 wealthy US residents, according to the Berlin daily Der Tagesspiegel.

    His plan would see a five percent tax for two years to fund specific projects followed by a reduction to one percent, the level of the tax when it was abandoned in 1997. Germany still slaps a 25 percent levy on capital gains.

    One signer, 69-year-old Peter Vollmer told AFP he backed the petition because he had inherited "a lot of money I do not need."

    Following her September 27 election victory, Merkel and her conservative Christian Democrats are currently locked in talks hammering out a common programme with their new partners, the pro-business Free Democrats (FDP).

    The FDP promised €35 billion in tax cuts in its election campaign, but with Germany's public finances shot to bits by the recession, Merkel's party is wary of agreeing to such reductions.

    On Wednesday, Lehmkuhl, Vollmer and a few friends held a rally in the Tiergarten park in central Berlin, throwing fake banknotes into the air for photographers in what they called a bid to provoke discussion of the idea.

    "It's really strange that so few people came," Vollmer said.
    http://www.thelocal.de/money/20091022-22755.html

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    More lies. If he has money he doesn't need he can donate it to the government himself by his own free will without forcing others to pay the tax as well. Every single time I see supporters of big government, big taxes and all that they themselves are not very generous with their money. Social parasites. I suppose he thinks it would be unfair to pay money if others dont as well- now he knows how conservatives feel about welfare and such.

    Someone should call this guy out on it. Go ask him why he doesn't donate his money to the nation.

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    Anyway the ones who would end up paying those taxes would be the honest suckers, mostly entrepreneurs who made their wealth through hard work and contributions to society. The other ones have their wealth spread internationally in bank and broker accounts owned through cross-participations in anonymous trusts and corporations over several jurisdictions in the world.

    The 'richest man in the world' is not Bill Gates or Warren Buffet, or some Arab despot, he is probably unknown yet richer and more powerful than them all.

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    More lies. If he has money he doesn't need he can donate it to the government himself by his own free will without forcing others to pay the tax as well. Every single time I see supporters of big government, big taxes and all that they themselves are not very generous with their money. Social parasites. I suppose he thinks it would be unfair to pay money if others dont as well- now he knows how conservatives feel about welfare and such.

    Someone should call this guy out on it. Go ask him why he doesn't donate his money to the nation.
    Exactly.

    The problem isn't that the government is lacking money, what it's lacking is restraint, checks and balances. They have overreached and overspent for decades, it's built into the structure by now, and no matter how much they raise taxes and taxes disguised as fees they will still find themselves short of money, a situation which results in even more taxes and borrowing. The more they tax the more they spend, it's that simple.

    We need to lower the ambition and scope of the government, it should have to make due with less and not view the tax payers as an easy access credit card.

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    Wealthy people who advocate higher taxes are liberals/socialisits who have accounts & lawyers who job it is to help them avoid paying as much tax as possible. To give a couple of examples, Warren Buffet & Bill Gates. Both think we need more progressive taxes (in the US) but both have avoided taxes. The most obviously way they have done this is by not paying diviends to their shareholders. The reasoning behind this is that corprorations pay taxes on their income & if dividends were paid out, shareholders would have to pay income tax again on the dividends. They do not pay diviends to help their shareholders evade taxes. Yet both are opposed to repealing the income tax on dividend income because it is regressive. Incidently, by not paying dividends both Microsoft & Berkshire-Hathaway have been able to acquire huge cash reserves which has helped both companies increase in sized in power to the personal benefit of both Gates & Buffet. If dividends had been paid out (and this applies to all corprorations), capital would be more widely dispersed among more companies & individuals. Both are also opposed to repealing the estate tax. But both are avoiding the estate tax by putting their fortunes into tax exempt foundations which will use the money to finance Mr. Gates's & Mr. Buffet's pet (liberal) causes for decades after their deaths instead of paying substantial tax bills to the US Treasury. Gates & Buffet are like most liberals who advocate higher taxes & then avoid paying them.

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    Quote Originally Posted by Ahnenerbe View Post
    Anyway the ones who would end up paying those taxes would be the honest suckers, mostly entrepreneurs who made their wealth through hard work and contributions to society. The other ones have their wealth spread internationally in bank and broker accounts owned through cross-participations in anonymous trusts and corporations over several jurisdictions in the world.

    The 'richest man in the world' is not Bill Gates or Warren Buffet, or some Arab despot, he is probably unknown yet richer and more powerful than them all.
    Not unknown.. I would bet Evelyn Rothschild fits you description perfectly. I also bet he has a serious cache of gold bullion somewhere, secret and unreported. He's definitely worth over a trillion, whether you figure it in dollars, pounds, or euros.

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    One signer, 69-year-old Peter Vollmer told AFP he backed the petition because he had inherited "a lot of money I do not need."
    Hey Peter, send it to me, I'll put it to good use! Patrioten has got it right, the more you feed the beast the bigger its appetite.

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