How Rich is Too Rich?

November 14, 2009 at 4:51 am | Posted in economy, government spending, government waste, taxes | 4 Comments
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We could take a lesson on patriotism from rich Germans, who seem to have a lot more sense and far less greed than their American counterparts.  I can already hears the distant cries of SOCIALIST from the right for what is just common human decency and a desire for the greater good.  What the Germans realize and Americans don’t seem to understand is that when a country isn’t plagued with poor, homeless, and unemployed people we all benefit in the end.  From BBC News:

A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes.

The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany’s economic recovery.

Germany could raise 100bn euros (£91bn) if the richest people paid a 5% wealth tax for two years, they say.

The petition has 44 signatories so far, and will be presented to newly re-elected Chancellor Angela Merkel.

The group say the financial crisis is leading to an increase in unemployment, poverty and social inequality.   read more

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