Seven economists awarded with the Sweden Bank Award in Economic Sciences, known as Nobel Prize in Economics, advocate billionaires from around the world that would allow 250,000 million dollars to be raised (212,000 million euros). The initiative signed by Daron Acemoglu, George Akerlof, Abhijit Banerjee, Esther Duflo, Simon Johnson, Paul Krugman and Joseph Stiglitz, collected by The worldadvocates exclusively taxing the fortune of the 3,000 richest individuals in the world, who pay between 0% and 0.6% of their assets in the individual income tax. Much less than the average taxpayer.
The purpose of the measure is to face all the forms of which the great fortunes resort, and that explains its decrease or no contribution. According to economists in European countries, this fiscal optimization is carried out through the creation of family holdings in which the dividends of their companies accumulate out of reach of the treasury. This mechanism was prohibited in the United States in 1930 and this explains that large fortunes in the United States pay more taxes (about 0.6% of their assets), than in Europe, where in countries like France they pay only 0.1%.
In France, the National Assembly approved last February a law that created a minimum 2% tax to assets exceeding 100 million euros. The rule would ensure that ultra -trees contribute to common charges in the same proportion as the average French. The initiative that simply tried to end the privileges of the billionaires was rejected by the Senate last June.
During the last decade, outstanding economists have launched various proposals aimed at directly recording wealth as a more practical and efficient system. In 2014, the, in Capital in the 21st centuryHe showed that the increase in inequality was due to the fact that capital yield grew faster than the economy in general. For this reason he proposed a world and progressive tax on capital.
Last year, the French economist Gabriel Zucman, after receiving a commission from the G-20, proposed to apply a minimum 2% tax to millionaires with assets greater than 100 million euros. The measure would also neutralize European regressive tax systems and allow 67,000 million euros to be collected in the EU and 5.2 billion in Spain. In June, Brazil and Spain presented a global initiative to assess the fortunes of the ultra -ups to which South Africa and Chile have joined.
He is the foundation of representative democracies. Citizens must decide how much they pay in taxes and what is spent on. Piketty updated this principle to the current financing economy. He believes that capital must be recorded so that “democracy can resume the control of globalized financial capitalism of this new century.” What is play is not a more or less fair distribution of taxes, but democracy itself.
