Club of the Wealthy

#Money

Fri, Jun 11th, 2010 09:23 by capnasty NEWS

A group of 51 German millionaires and billionaires founded a Club of the Wealthy and wrote to Chancellor Angela Merkel proposing to give up 10 percent of their income in the form of a "Rich Tax" for 10 years to consolidate the budget.

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"When corporations skirt the tax system, they reduce the effective taxation of capital."