Europe’s Ultra-Rich Could Fund a Substantial Part of the EU’s Budget
- A budget financed by wages: Gross national income-based national contributions rest largely on taxes on labour and consumption, so the EU budget ultimately leans on ordinary earners.
- The net-position trap: While Brussels depends on national transfers, the debate collapses into who pays in and who takes out, crowding out any discussion of European public goods.
- Taxing the very wealthy: A minimum tax on individuals with net wealth above €100 million carries by far the largest revenue potential of the options assessed.
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- A budget financed by wages: Gross national income-based national contributions rest largely on taxes on labour and consumption, so the EU budget ultimately leans on ordinary earners.
- The net-position trap: While Brussels depends on national transfers, the debate collapses into who pays in and who takes out, crowding out any discussion of European public goods.
- Taxing the very wealthy: A minimum tax on individuals with net wealth above €100 million carries by far the largest revenue potential of the options assessed.
Sources: Socialeurope