Hey class warriors, Germany’s Linkspartei aka The Left, has just raised the bar for calling for tax hikes on the rich. Hollande may have pushed for a 75% tax that was struck down and Obama has been yammering endlessly about making “the rich” pay for his crony capitalist programs for the truly rich, but it takes a bunch of lefties from the ancestral home of Communism to really bring on the class war.
Germany’s socialist Left party want a 100 percent tax on anyone earning over €500,000 and will be including the policy in their general election campaign platform, a newspaper reported on Friday.
“We are suggesting that no-one should earn over 40 times the societal minimum,” said The Left’s co-leader Katja Kipping in the party’s draft election platform, which was seen by regional newspaper the Mitteldeutsche Zeitung.
The party paper said the total tax on those taking home over €40,000 per month would be used to fund social welfare and investing in the country’s future.
“Explosive inequality is threatening democracy,” said co-leader Bernd Riexinger. “I call capping income at half a million euros a democracy tax.”
500,000 Euros is about $682,150 and passing it would be a great way to completely eliminate Germany’s robust financial sector, which is usually the plan for these gimmicks which are less about raising revenue and more about destroying capitalism.
Naturally The Left, which still has pictures of Stalin inside their wallets, would know all about democracy. And that’s not an exaggeration. No, really.
Ragnar Lüttke, a leader of The Left, got into trouble for photos showing him at a birthday celebration for Stalin. So yes, the Left is exactly what you think it is.