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To make super rich people give their fair share in order to provide better climate and social justice.
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Do you think that super rich people don't invest anymore if wealth taxes are obligated? All in all they get richer anyway.
I see the need for capital income tax and this tax should grow as wage share https://en.wikipedia.org/wiki/Wage_share decreases. It is natural process that capital (software, AI, robots, etc.) is creating more and more value than limited pool of human resources and that is why capital income tax should increase and redistribution should follow. But we should look this in complex manner. We should frame, designate and enable this redistribution as a process for integral human development that enhances everyone's material opportunities to have education and to grow as persons. And not to ignite fight between pool people and rich peopl.
We should frame this in the framework of social-liberal policies that see the redistribution as a means for the development and growths and not as fight.
I agree with anything in this last comment, thanks for your opinion. However, I still don't get why you are against european wealth tax.
It is more about the framing of the idea.
1) It should be tax (possible progressive) on the capital income, there is no need to call it wealth tax. We should tax (possibly progressively) the income from the robotic/AI/software/machine work and not the people who are working or who are owning something. Of course, small taxes on work and ownership will be.
2) it should be spent on enhancing people life, boosting their growth and not just for spending of subsidized wages or on subsidies for existing green companies. The income from the robotic work should go to the growth - inspiring people to create new technologies (e.g. chemical recycling, robotic waste sorting systems, climate/geo-engineering systems) and not on subsidies on existing businesses that are connected to leftist politicians.
I have enough experience with left wing politics in my country and it is quite nasty.
Well - I just wanted to highlight that the framing is very important. Middle and upper middle class is the most active participants in the political process and I am not sure that they are ready to vote for wealth tax. If wealth tax can be framed as the tax on machine work and not on the people and if the tax is going to be spent on the empowerment and integral growth of humans then such ideas can appeal to middle and upper middle class and gain support.
We need new social contract for this digital economy with new language and new perspectives that respect the passion for growth.
The framing is job of the politicians. I don't mind about how to call the tax, and also for the redistribution many ways are fine for me, but subsidizing green companies or supporting climate protection in other ways are essential for enhancing peoples life and boosting their growth. However, there are many ways to spend the money in sensefull ways, once it is taken. And thats were the multimillionaires come in to play. A wealth tax for super rich people could relieve middle class and upper middle class.
A tax on machine work is a good idea.
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