Sign The European Citizens’ Initiative : “Tax the Rich”!

The demand of “Tax the Rich”: a European wealth tax for the super-rich!

• The wealth tax should not apply to normal incomes, but to multimillionaires with assets of over five million US dollars (around 4.6 million euros).
• With a graduated tax rate of 2 to 3% for millionaires and 5% for billionaires, the tax would generate an estimated 285.6 billion euros in revenue for the entire EU.
• This money is urgently needed to finance important projects in the areas of climate protection, health promotion and better education in Europe, but also in the countries of the South. The countries of the South in particular, which are suffering the most from the climate change we have caused, need financial resources to overcome the climate crisis.

To give these demands a chance of being implemented, a “European Citizens’ Initiative” was launched (ECI). If one million signatures are collected within a year and a certain quorum of signatures is reached in seven countries, the European Commission will have to address the issue and, if necessary, take a new legislative initiative.

The tax on the super-rich has already proved its worth in some EU countries!

Experience in France, Norway, Spain and Switzerland shows that a wealth tax is both practicable and worthwhile. Despite the introduction of this tax, very few millionaires have moved their assets or companies abroad. The states’ additional income exceeded these losses. And by the way: there are efficient instruments to combat the feared tax evasion due to the introduction of a wealth tax, e.g. through an “exit tax”, in which the emigration of tax evaders is taxed and is therefore far less “attractive”. Another option would be to link tax liability to nationality, as is the case in the USA. This would mean that all citizens, regardless of their place of residence, would be obliged to pay wealth tax.

Sign the petition and make the world a little fairer!

Support the petition and raise your voice for more social justice. Together we can make a difference and help to create a fairer tax system. Every signature counts and brings us one step closer to a fair Luxembourg and a fairer Europe. Anyone eligible to vote can take part in the petition. For Luxembourg, this means people aged 18 and over. All Luxembourg residents are counted for the Luxembourg contribution. You too can contribute to the success of the campaign! Sign the official petition to the EU now so that we reach the 4,500 signatures needed from Luxembourg.