- Joined
- Jul 25, 2008
- Messages
- 14,885
- Points
- 113
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.
[/FONT]
[/FONT]
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.
[/FONT]
[/FONT]
