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Wealth tax to pay for EU bail-outs (Here we go)
Telegragh (UK) ^ | 4-14-2013 | Ambrose Evans-Pritchard

Posted on 04/15/2013 2:43:35 AM PDT by Sir Napsalot

Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.

Senior advisers to Chancellor Angela Merkel are pushing for better-off households to pay towards the cost of any future bail-outs for the weaker members of the single currency.

The proposals, from members of Germany’s council of economic experts, raise the prospect of taxes being imposed on property in a country like Spain if its government was forced to seek a bail-out.

The council, known as the “Five Wise Men”, is often used to test new policies that are later adopted officially.

The German suggestion is the latest sign that Berlin is intent on imposing even tougher rules on weaker southern euro members in exchange for using its economic might to support their finances.

As well as inflaming tensions between Germany and its smaller southern partners, the suggestion could also mean that Britons with holiday homes are dragged deeper into the eurozone crisis.

(snip)

Senior figures in Germany are now arguing that some richer home owners in countries like Spain, Portugal and Greece have so far avoided paying their fair share to rescue the euro, leaving Germany paying too much.

Taxes on property or other assets would mark a significant change in Europe’s approach to funding bail-outs for eurozone members. Until now, the cost of rescue packages for countries like Ireland, Greece and Portugal has fallen largely on people who invest money in either those countries’ bonds or – in the case of Cyprus – bank accounts.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: News/Current Events
KEYWORDS: bailout; eurozone; finance

1 posted on 04/15/2013 2:43:35 AM PDT by Sir Napsalot
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To: Sir Napsalot
As well as inflaming tensions between Germany and its smaller southern partners, the suggestion could also mean that Britons with holiday homes are dragged deeper into the eurozone crisis.

I guess the bright side is that the Limousine Liberals will finally feel the bite of their Socialist Idealism.

2 posted on 04/15/2013 3:14:51 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac

Imagine the hue and cry if the U.S. was to fully pull out of the bases we maintain there? The EU just might have to start spending more there instead of on Social Welfare programs.


3 posted on 04/15/2013 3:32:09 AM PDT by The Working Man
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To: Sir Napsalot
Odumbo’s wet dream. Of course if they did it here, politicians and union members would be exempt..
4 posted on 04/15/2013 3:37:29 AM PDT by machman
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To: Sir Napsalot

When they are confiscating wealth, the game is almost up.


5 posted on 04/15/2013 3:39:46 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Sir Napsalot

When those children screamed and cried as they were about to be murdered... did none of those soulless creatures see the tears?

These unspeakable atrocities break my heart. I SO wish I could get five minutes alone with that demon Gosnell.


6 posted on 04/15/2013 3:52:42 AM PDT by ScottinVA (Gun control: Steady firm grip, target within sights, squeeze the trigger slowly...)
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To: ScottinVA

Sorry all... That was for the other thread...


7 posted on 04/15/2013 3:54:00 AM PDT by ScottinVA (Gun control: Steady firm grip, target within sights, squeeze the trigger slowly...)
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To: Jonty30

They need to adopt Maryland’s “Rain Tax”.


8 posted on 04/15/2013 3:55:19 AM PDT by Does so (Progressives Don't Know the Meaning of INFRINGED...)
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To: Does so

LOL, O’Mally wants to be President, he will take his rain tax with him wherever he goes.Hopefully it will haunt him to his dying day.

I need someone to tell me why any person in this strange new world of Prosperity sharing would work to make themselves comfortable.

Be one of the poor and live off someone elses prosperity.

You work to make yourself comfortable feed your family and better your lifestyle.Your lifestyle reachs a point where the government feels you have earned enough and they take the rest away and give it to those who will not work.

Be one of those who don’t work and scam the system.
That is the easy way.


9 posted on 04/15/2013 4:17:26 AM PDT by Venturer
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To: The Working Man
Imagine the hue and cry if the U.S. was to fully pull out of the bases we maintain there? The EU just might have to start spending more there instead of on Social Welfare programs.

I'm all for it. Does anyone think the defense of Western Europe is worth U. S. blood and treasure anymore?

10 posted on 04/15/2013 4:20:39 AM PDT by abb
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To: ScottinVA
Sorry all... That was for the other thread...

It happens to many of us at some point.

11 posted on 04/15/2013 4:24:56 AM PDT by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: All
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12 posted on 04/15/2013 4:30:14 AM PDT by deoetdoctrinae (The Old White Flag Republicans can go straight to He// and take their pal Obama with them!)
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To: abb
I'm all for it. Does anyone think the defense of Western Europe is worth U. S. blood and treasure anymore?

It's been a long time since we've fought a war to directly defend our own country. There's a "race war" going on right now, right here and all we do about it, at best, is try to defend ourselves. At worst, sit back and take it. Unfortunately, our government and Commander in Chief are on the wrong side of that war

Nobody ever won a war by playing defense only.

13 posted on 04/15/2013 4:31:52 AM PDT by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: Sir Napsalot

I think government should pay for it, by cutting spending, employees and selling off state assets


14 posted on 04/15/2013 4:39:03 AM PDT by GeronL (http://asspos.blogspot.com)
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To: Pontiac

Wouldn’t bet on it.


15 posted on 04/15/2013 4:50:07 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Sir Napsalot

there are faster ways to seize wealth

like by first devaluing it, on a very large scale

makes it easier to swoop in and take control of, for those who set it up and are prepared


16 posted on 04/15/2013 5:08:34 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: Sir Napsalot

Wise advise.


17 posted on 04/15/2013 5:18:30 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: GeronL
I think government should pay for it, by cutting spending, employees and selling off state assets

They can’t do that! It would set back socialism by decades!

18 posted on 04/15/2013 5:21:47 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Jonty30

The Germans have had Wealth Tax before. It wouldn’t be hard to bring it back. The citizens of Germany will always dutifully believe what the government tells the. Yes, there would be a few people wailing about it, but it would be accepted like all the other Taxes, including Global warming. Just a different mindset there.


19 posted on 04/15/2013 5:55:03 AM PDT by americanbychoice3
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To: Sir Napsalot
The council, known as the “Five Wise Men”, is often used to test new policies that are later adopted officially.

So the "wise men" of Germany think the solution to out-of-control spending is to raise taxes on the wealthy. And when spending then outstrips this tax increase, what then? More taxes? Or is it then time for hyper-inflation?

20 posted on 04/15/2013 6:11:27 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Sir Napsalot
All money and property rightfully belongs to the big-government/big-corporate criminal complex.
21 posted on 04/15/2013 6:47:35 AM PDT by E. Pluribus Unum ("Deficit spending is simply a scheme for the confiscation of wealth." --Alan Greenspan)
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To: Sir Napsalot

Bwahahahahahahahaha! Good for them.


22 posted on 04/15/2013 6:58:03 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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