German proposal: richest citizens should pay more taxes or loan long term to governments

Wednesday, July 11th 2012 - 19:57 UTC

Full article 4 comments

A leading German economic research institute has come up with one way to help countries involved in the euro crisis pay down their sovereign debt: get the wealthiest citizens to pay higher taxes, or force them to loan money to their governments. Read full article

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Guzz
Quite amusing to read, would seem all roads lead to Rome after all :)
Jul 11th, 2012 - 08:52 pm - Link - Report abuse 0
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briton
dont you mean
all roads lead to berlin .
Jul 11th, 2012 - 10:09 pm - Link - Report abuse 0
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JoseAngeldeMonterrey
So the people who wakes up earlier in the morning, work harder every day of their lives to make more money and properly manage their finances are now supposed to pay for the failures, mistakes, overspending and irresponsibility of the political elites who brought fiscal deficits and debt to their governments?
Why don´t they obligate those high-ranking bureaucrat to pay more taxes themselves in the first place?
Jul 12th, 2012 - 02:10 am - Link - Report abuse 0
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Ken Ridge
@3 Agreed.

However, all this does is encourage the wealthy to seek tax havens and invest elsewhere, or even leave the country.
Jul 12th, 2012 - 10:27 am - Link - Report abuse 0
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