"A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes.Interesting and ignoring the Laffer Curve maybe feasible.
The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany's economic recovery.
Germany could raise 100bn euros (£91bn) if the richest people paid a 5% wealth tax for two years, they say. "
However the BBC's excitement needs to be seen in context with the following line
"The petition has 44 signatories so far, and will be presented to newly re-elected Chancellor Angela Merkel. "Does anyone else think that the headline "Rich Germans demand higher taxes" is slightly misleading when it concerns just 44 Germans? Still if it fits in with the BBC agenda then I suppose it will always be worth reporting.
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