A groundbreaking initiative is underway, calling on the European Commission to establish a European tax on great wealth. The aim is to ensure that the wealthiest individuals contribute their fair share towards critical ecological and social goals. This tax would form part of the Union’s own resources, with the revenue being directed towards amplifying and perpetuating European policies on ecological and social transition, as well as development cooperation, all co-funded by the Member States.
Objectives of the Initiative
The proposed wealth tax seeks to address two of the most pressing challenges facing Europe today: climate change and inequality. By taxing the richest individuals, the initiative aims to generate substantial funds that would be invested in sustainable development and social equity across the continent. This would not only help combat climate change but also reduce social disparities, ensuring a more just and equitable Europe.
The initiative underscores the principle of fairness, advocating that those with the greatest financial means should contribute proportionately to the collective effort required to achieve Europe’s environmental and social objectives. It represents a significant step towards building a sustainable future while promoting social justice.
Get Involved
This initiative, registered with the European Commission under the number ECI(2023)000006, officially began its collection period on October 9, 2023. Supporters are encouraged to visit the official European Commission’s register webpage or the initiative’s website to learn more and join the cause. Sign the petition here.
For further information, interested parties can contact the initiative’s coordinators, Paul Magnette and Anne Lambelin, at [email protected].
