That billionaires are unpopular is what makes expropriating their stuff politically feasible.
That’s why when Robert Fico in Slovakia wanted to increase the taxes on the middle class, he called it a “millionaire tax”.
(The average voter is unbelievably stupid. The argument “it is called a ‘millionaire tax’, but in fact the law is written as an extra tax for people with monthly income between €2000 and €3000” is just met with dumb stares and repeating “but it is a millionaire tax, so it only applies to millionaires, and they already have more than they need, why are you concerned about it if you are not a millionaire?”)
This sounded a bit odd to me, as in I was surprised that you can get a tax passed that is this blatantly different from what its name states. According to this link the tax was created before the introduction of the Euro, when the amount in question would have been closer to a million in the previous currency
That’s why when Robert Fico in Slovakia wanted to increase the taxes on the middle class, he called it a “millionaire tax”.
(The average voter is unbelievably stupid. The argument “it is called a ‘millionaire tax’, but in fact the law is written as an extra tax for people with monthly income between €2000 and €3000” is just met with dumb stares and repeating “but it is a millionaire tax, so it only applies to millionaires, and they already have more than they need, why are you concerned about it if you are not a millionaire?”)
This sounded a bit odd to me, as in I was surprised that you can get a tax passed that is this blatantly different from what its name states. According to this link the tax was created before the introduction of the Euro, when the amount in question would have been closer to a million in the previous currency