Now, this is becoming interesting.
I read in the newspaper of today that "French top managers" have released an open letter basically saying : "Tax us !"
Edit : Here's a BBC article on the matter : http://www.bbc.co.uk/news/world-europe-14646975
(Thanks to Zarahtustra in the other tghread about the economical crisuis in the U.S. .)
According to the newspaper, they do see their country - and the EU as such - in trouble, and they explicitely don't want to be spared from helping …
Like Warren Buffett said in an article not too long ago, the richest don't want to be overly protected by their governments anymore.
They explicitely want to participate in helping the state by putting more money into the state through taxing.
For France, the article lists the following :
People with an average yearly income of 242.000 Euros pay 18,3 % tax
352 households with an income of 8,5 Million Euros per year even pay only 15 % tax
So, the protection scheme goes like this :
The poorer the people -> the more taxes, because they can't transfer money into Swiss or Luxembourg or so = no flight of capital possible
The more rich the people, the less they are taxed, because they could transfer their money into Swiss, Luxembourg or into other countries = capital flight possible
A commentator from the newspaper describes it like this : "All the things that Mr. Reagan and Mrs. Thatcher stood for, they have been fulfilled. The income discrepancies are now like they were around 1900.
[…]
But it's a stupid thing if there are problems nevertheless. Who is going to create demand if the states and the private households are overindepted ? When workers haven't been participated in the advancement of productivity ?When unlearned workers have become considerably poorer ? These are questions that are frightening not only the stock markets."
And I think this commentator is in so far right that if the wages are too low, no-one can buy anything anymore -> which results in no demand for products.
And no emand = no profits -> no more higher wages which can be spent on products.
That's my personal opinion.
And that's why I'm always insisting on stabilizing the inland markets, especially.
And the richest are imho out of this "circle-system". They just don't contribute too much to it, in my opinion. Not enough, in my opinion.
And now, they begin to see that the state explicitely decides to let go a possible income by NOT taxing them - which is - in my opinion - simply unlogical.
Alrik
I read in the newspaper of today that "French top managers" have released an open letter basically saying : "Tax us !"
Edit : Here's a BBC article on the matter : http://www.bbc.co.uk/news/world-europe-14646975
(Thanks to Zarahtustra in the other tghread about the economical crisuis in the U.S. .)
According to the newspaper, they do see their country - and the EU as such - in trouble, and they explicitely don't want to be spared from helping …
Like Warren Buffett said in an article not too long ago, the richest don't want to be overly protected by their governments anymore.
They explicitely want to participate in helping the state by putting more money into the state through taxing.
For France, the article lists the following :
People with an average yearly income of 242.000 Euros pay 18,3 % tax
352 households with an income of 8,5 Million Euros per year even pay only 15 % tax
So, the protection scheme goes like this :
The poorer the people -> the more taxes, because they can't transfer money into Swiss or Luxembourg or so = no flight of capital possible
The more rich the people, the less they are taxed, because they could transfer their money into Swiss, Luxembourg or into other countries = capital flight possible
A commentator from the newspaper describes it like this : "All the things that Mr. Reagan and Mrs. Thatcher stood for, they have been fulfilled. The income discrepancies are now like they were around 1900.
[…]
But it's a stupid thing if there are problems nevertheless. Who is going to create demand if the states and the private households are overindepted ? When workers haven't been participated in the advancement of productivity ?When unlearned workers have become considerably poorer ? These are questions that are frightening not only the stock markets."
And I think this commentator is in so far right that if the wages are too low, no-one can buy anything anymore -> which results in no demand for products.
And no emand = no profits -> no more higher wages which can be spent on products.
That's my personal opinion.
And that's why I'm always insisting on stabilizing the inland markets, especially.
And the richest are imho out of this "circle-system". They just don't contribute too much to it, in my opinion. Not enough, in my opinion.
And now, they begin to see that the state explicitely decides to let go a possible income by NOT taxing them - which is - in my opinion - simply unlogical.
Alrik
