[sushibowl]

They are not. The proposal text itself doesn't mention taxing "the 1% richest" or any threshold at all really. It's quite vague on the specifics:

> Firstly, we call on the European Commission to draft a proposal for a directive establishing a European excess wealth tax, based on Article 115 TFEU.

In any case, the proposal is for a wealth tax, so income is irrelevant. I think the proposed wealth threshold for taxation is supposed to vary by country.

[spwa4]

The problem with "taxing the rich". If we're talking Bezos, Musk and Gates, that's 3 people. To have any decent amount of extra income for states, they must tax "the 1%", and really "the 10%".

And if we're then talking about amounts, everybody will immediately, and rightly, claim that "the 1%" is not a livable wage in X. And they're right. You cannot live in Amsterdam on 66000 EUR per year. I mean, it's probably possible, with a great many compromises, but not really.

The problem is:

"the 1%" in Europe (EU-27): anything more than 66000 EUR

"the 10%" in Europe (EU-27): anything more than 34000 EUR

I think these figures are not talking about individual income, but about FAMILY income (both partners). It's EU-27 because it used to be EU-28, and then Brits decided ...

So, in the Netherlands, I believe that means more than 80% of the population is in "the 10%" of Europe and almost 60% of the population is in "the 1%" of Europe. I doubt even Dutch communists would support this tax.