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A European Citizens Initiative wants to introduce a Wealth Tax (and they need your help) (www.tax-the-rich.eu)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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cross-posted from: https://feddit.org/post/946773

I'm sorry if this is the wrong place for this (as this seems to be a Portuguese language only community), but Portugal is trailing behind with only 3.5% of the 14.805 Portuguese signatures necessary. If there is a place better for this feel free to pint me to it (or crosspost it there yourself)

If the petition reaches 1 million signatures, the European Commission is legally required to at least introduce it as a proposed law.

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[–] [email protected] 3 points 4 months ago (1 children)

but Portugal is trailing behind with only 3.5% of the 14.805 Portuguese signatures necessary. If there is a place better for this feel free to pint me to it (or crosspost it there yourself)

Did you ever stop to think why that is? Hint: anyone who can afford to buy/rent a 1 bedroom flat in a Portuguese city is considered by the govt “rich” and then income taxed to death. Enjoy your reality check.

[–] [email protected] 3 points 3 months ago (2 children)

Yep, in Portugal you hit 37% tax bracket at just €27,000 and 45% at around €50,000. These salaries definitely do not make you rich, but they make you owe a ton of taxes!

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago) (1 children)

I guess this was your source: https://taxsummaries.pwc.com/portugal/individual/taxes-on-personal-income

It's a good read for all non-Portuguese people and also because there's already an extra tax for the ultra-rich:

Additional solidarity rate In 2024, an additional solidarity rate, which varies between 2.5% and 5%, applies to taxpayers with a taxable income exceeding EUR 80,000 and EUR 250,000, respectively.

[–] [email protected] 2 points 3 months ago

I was reading gov.pt but this is better for Lemmy since it’s in English. And yea I agree. I also don’t think €80.000 is “ultra rich” by any means lol, especially with our taxes you wouldn’t be living a luxurious life in Lisbon with that nowadays. 250k+ it makes sense.

[–] [email protected] 2 points 3 months ago

Yeah and then a 1 bedroom flat will cost you around 1200€/month. So... it's no longer about being rich but about being able to afford housing and food on a 27k salary.

[–] [email protected] 2 points 4 months ago

Signed! Hope it makes noise!

[–] [email protected] 2 points 4 months ago

Give them nowhere to hide

Give them no quarter

[–] [email protected] 2 points 3 months ago

Why would the rich pass legislation against themselves? Since we are talking about imaginary things that will never happen, might as well be signing up to give every European magic powers and a dragon to ride.

[–] [email protected] 1 points 4 months ago

Yes, posting in English is fine as long as it's not abused. You're good, don't worry :)

[–] [email protected] 1 points 4 months ago

I will have to read this better before signing, but it looks interesting and well put together.