Friday, October 23, 2009

Rich Germans Demand Higher Taxes

From the BBC:

A group of rich Germans has launched a petition asking that the government make them pay higher taxes. According to them, they have more money than they need, and the extra money could go to programs to speed Germany’s recovery from the downturn. They don’t want to donate the money, because they say that is not enough and that:

“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.

I’d attempt some kind of an economics analysis of this, but let’s be honest, economics isn’t what’s required here. They want to pay more taxes? They agree with Biden, thus they are clearly crazy.

The best part of the article?

The group held a demonstration in Berlin on Wednesday to draw attention to their plans, throwing fake banknotes into the air.

Mr Vollmer said it was “really strange that so few people came”.

Strange indeed.

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