this post was submitted on 09 Feb 2025
362 points (98.7% liked)

World News

651 readers
580 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

Other communities of interest:

founded 4 months ago
MODERATORS
Deceptichum@quokk.au
Grainne@lemmy.dbzer0.com
PhilipTheBucket@ponder.cat
362
Germany's Left Party wants to halve billionaires' wealth (www.dw.com)
submitted 1 week ago by PlasticLove to c/world@quokk.au
65 comments fedilink hide all child comments
 

The Left Party says "there shouldn't be any billionaires." With Germany gearing up for an election, the far-left force has launched a new tax plan โ€” though it will most likely never get a chance to implement it.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] apotheotic@beehaw.org 2 points 1 week ago

Its obvious, but for some reason also rage inducing, that for every billionaire with at least 2 billion in wealth, taking half their wealth has them remain a billionaire. If you take half the wealth of some average individual they're probably going from "sort of getting by" to "heavily at risk"