A group of wealthy people is circulating a petition calling for higher taxes for themselves. Sound familiar?
This particular group is based in Germany, and it is asking the government to impose a 5% wealth tax on the 2.2 million people with over 500,000 euros. This has the potential to raise over 100 billion euros for economic recovery.
Like Wealth for the Common Good signers, these petitioners believe that reinvesting in the common good is a necessary strategy for addressing inequality.
As reported by the BBC:
“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.
It’s powerful when those who would pay a tax advocate on its behalf. We wonder, where will the next campaign be?