Leftism

It isn't in the form of sequential 2 dollar bills and simon didn't say!

Such little liquidity, couldn't you just die?

...In the Arms of the Angels plays to images of sad Elon, Warren, Jeff....

Money isn't real either so...

Also for wealthy people this practically doesnt apply. We have a flat 25% tax on income from financial investments like stocks. So while the engineer at BMW is paying 42% on all his income above 66,000 the Quandts as largest shareholder pay 25% on their roughly 1,000,000,000 dividend they receive every year.

Considering loopholes and tax evasion shemes billionaires are among the least taxed people in Germany.

Yeah almost every income tax barely applies to the wealthy, on all of these. They don’t make their income from paychecks, they make it from capital gains. And capital gains taxes are laughably low across the board. The billionaires and incredibly highly wealthy will laugh all the way to the bank as they vote for higher income tax brackets, as long as the capital gains taxes stay low. Granted they are far higher in every nation outside the US, but still not high enough, and capital gains should have its own set of tax brackets

“Amount” is spelled with a single ‘m’. You also forgot to mention that a “rich people’s tax” once existed, but was ruled unconstitutional because it violated the principle of equal treatment, and that no legislation since has made an attempt at crafting such a tax that would hold up to the court.

I think it's odd that there are apparently a lot of super rich people in Germany willing to actually pay more taxes.

It might also be relevant that health insurance is capped at something like 420€/month. Whether you make 70k or 500m a year doesn't matter.

The thing about it is they will lease everything because not owning saves more than credit costs.

Focused attempts on the 1% are what is needed, decide what amount we want to extract and hold them to it. Do not let residential properties be owned by companies, only people. Progressive taxation on each subsequent property. Ban private planes - set regulations around average per passenger co2 emissions, yachts are registered in tax havens so jack up docking fees and non public country entry prices.

The US is from a getgo a country that represents the interests of it's "shareholders".

My ideal would be setting the brackets at the quintiles of household incomes, then setting the tax rates for those brackets at the share of national wealth all the brackets below a given bracket, plus the median point between that and the total including that bracket's share of the wealth.

Allows for dynamic tax adjustment by pegging it to a calculation instead of a congressionally set number, and benefits the working classes by significantly shifting the national tax burden off of them whenever wealth accumulation starts peaking, effectively giving them free money to rebalance the economy with while taking the ultrawealthy through the nose for their shenanigans.

Not to mention how you can adopt similar models for other taxes bracket percentiles for total land value, for unrealized gains, for income tied to productive property assets like factory equipment, etc. etc. etc.

The real sticking point will be finding a way to address how the rich get most of their spending cash outside of direct income streams.

IF THE DEMOCRATS RAN A PRINCIPLED AND SCIENTIFIC SOCIALIST AGAINST REAGAN THEY WOULD HAVE WON, FUCK THE CAPITALIST CANDIDATE WALTER MONDALE REPRESENTING THE BORGOUZHZOHZOOZY DEMOCRATIC PARTY LUCKILY NOW THAT REAGAN WON THE DEMOCRATS WILL BE INFLUENCED TO MOVE LEFT hehe

Because it's wrong.

It's 45% income tax plus 5.5% of 45%, the 5.5% is the so called Solidaritätszuschlag a kind of tax which was originally introduced to pay for the gulf war in 1991 and then kept to pay for the reunification with eastern germany. Anyway, income tax barely applies to the super rich, they pay 26.375% capital gains tax (25% + 25% * 5.5%) on dividends.