If only this is true. 
But increasing tax on inheritance and reducing tax on income makes sense for SG. Tax those who got wealthy through inheritance (scions of the famiLee, million-dollar ministers and elites) and do not have to work (or work so hard)..
Wealthy Austrians Are Demanding Their Taxes Be Raised
ROB WILE
JUN. 9, 2014, 9:12 PM
Wealthy Austrians have gotten together to demand their government tax them more.In a cover story in the Austrian weekly magazine Profil, a dozen or so bankers, CEOs, [FONT=inherit !important][FONT=inherit !important]real [FONT=inherit !important]estate[/FONT] moguls and inheritors say they have a civic duty to give back to a country that's allowed 70% of its wealth to concentrate in the hands of the top 10%, according to France's Libération.fr.
"A wealth tax is not only a question of morality, but also of pragmatism," says Christian Köck, a health [FONT=inherit !important][FONT=inherit !important]economist[/FONT][/FONT] and businessman who also inherited a large sum. "I don't want to be rich in a society that can't pay to invest in a fair education system."
Austria lacks an inheritance tax, and wealth brackets are not scaled. Property and rent taxes are practically non-existent.
"Austria, country of millionaires. Austria, country of inequalities," the Profil feature begins. "Nowhere in Europe work is so highly taxed, while other [FONT=inherit !important][FONT=inherit !important]assets[/FONT][/FONT] so greatly spared. A skewed situation, which even for many wealthy seems prohibitive. So they are now demanding, in our profile, higher taxes on wealth - and to lower those on work."
Social-Democratic Chancellor Werner Faymann has proposed a "millionaire's tax" that would involve creating an inheritance tax while lowering [FONT=inherit !important][FONT=inherit !important]income [/FONT][FONT=inherit !important]taxes[/FONT][/FONT], although Libération predicts it could get held up by the more conservative members of the country's ruling coalition.
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But increasing tax on inheritance and reducing tax on income makes sense for SG. Tax those who got wealthy through inheritance (scions of the famiLee, million-dollar ministers and elites) and do not have to work (or work so hard)..
Wealthy Austrians Are Demanding Their Taxes Be Raised
ROB WILE
JUN. 9, 2014, 9:12 PM
Mikhail Markovskiy/Shutterstock
Wealthy Austrians have gotten together to demand their government tax them more.In a cover story in the Austrian weekly magazine Profil, a dozen or so bankers, CEOs, [FONT=inherit !important][FONT=inherit !important]real [FONT=inherit !important]estate[/FONT] moguls and inheritors say they have a civic duty to give back to a country that's allowed 70% of its wealth to concentrate in the hands of the top 10%, according to France's Libération.fr.
"A wealth tax is not only a question of morality, but also of pragmatism," says Christian Köck, a health [FONT=inherit !important][FONT=inherit !important]economist[/FONT][/FONT] and businessman who also inherited a large sum. "I don't want to be rich in a society that can't pay to invest in a fair education system."
Austria lacks an inheritance tax, and wealth brackets are not scaled. Property and rent taxes are practically non-existent.
"Austria, country of millionaires. Austria, country of inequalities," the Profil feature begins. "Nowhere in Europe work is so highly taxed, while other [FONT=inherit !important][FONT=inherit !important]assets[/FONT][/FONT] so greatly spared. A skewed situation, which even for many wealthy seems prohibitive. So they are now demanding, in our profile, higher taxes on wealth - and to lower those on work."
Social-Democratic Chancellor Werner Faymann has proposed a "millionaire's tax" that would involve creating an inheritance tax while lowering [FONT=inherit !important][FONT=inherit !important]income [/FONT][FONT=inherit !important]taxes[/FONT][/FONT], although Libération predicts it could get held up by the more conservative members of the country's ruling coalition.
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