Tax me to help us

This is not my typical post. I came across the following rather interesting news story on the BBC website and thought of sharing it with the readers of this blog. What are your thoughts? 

Rich Germans demand higher taxes

http://news.bbc.co.uk/2/hi/europe/8321967.stm

A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes.

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.

The petition has 44 signatories so far, and will be presented to newly re-elected Chancellor Angela Merkel.

The group say the financial crisis is leading to an increase in unemployment, poverty and social inequality.

Simply donating money to deal with the problems is not enough, they want a change in the whole approach.

“The path out of the crisis must be paved with massive investment in ecology, education and social justice,” they say in the petition.

Those who had “made a fortune through inheritance, hard work, hard-working, successful entrepreneurship, or investment” should contribute by paying more to alleviate the crisis.

The man behind the petition, Dieter Lehmkuhl, told Berlin’s Tagesspiegel that there were 2.2 million people in Germany with a fortune of more than 500,000 euros.

If they all paid the tax for two years, Germany could raise 100bn euros to fund ecological programmes, education and social projects, said the retired doctor and heir to a brewery.

Signatory Peter Vollmer told AFP news agency he was supporting the proposal because he had inherited “a lot of money I do not need”.

He said the tax would be “a viable and socially acceptable way out of the flagrant budget crisis”.

The group held a demonstration in Berlin on Wednesday to draw attention to their plans, throwing fake banknotes into the air.

Mr Vollmer said it was “really strange that so few people came”.

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Alfred Nobel, Nobel Prize and Irony

As most of the readers must know, Alfred Nobel invented Dynamite. What you might not know is he also owned “Bofors,” a major armaments manufacturer, which he had redirected from its previous role as an iron and steel mill.

According to Wikipedia, “The erroneous publication in 1888 of a premature obituary of Nobel by a French newspaper, condemning him for his invention of dynamite, is said to have brought about his decision to leave a better legacy after his death.The obituary stated Le marchand de la mort est mort (“The merchant of death is dead”) and went on to say, “Dr. Alfred Nobel, who became rich by finding ways to kill more people faster than ever before, died yesterday.”[

Dr. Nobel didn’t, clearly, change his entrepreneurial activities before he died in 1896, eight years after the publication of the erroneous obituary. Instead, in his last will he decides to bequeath much of his enormous fortune to the five Nobel Prizes. One each in Physical Sciences, Chemistry, Medical Sciences, Literature and Peace (a new one has been added in Economics). The Peace Prize “is to be given to the person or society that renders the greatest service to the cause of international fraternity, in the suppression or reduction of standing armies, or in the establishment or furtherance of peace congresses.”

Bofors is still, to this date, one of the largest arms manufacturer in the world.

I am surprised that not too many of the talking heads or the pundits point-out the base irony fundamentally present in the Nobel Peace prize. Nobel, the merchant of death, and Peace is an oxymoron. And to me, it does little but expose the hypocrisy of human kind that money collected by creating and selling Dynamite is used to award the most prestigious “Peace Prize.” Not sure how Dr. Nobel could write “…suppression or reduction of standing armies” and not see the naked irony of it all. I forget the author’s name but she hit the nail on the head when she said, in a matter of fact manner, “the beauty of childhood is that it is not afflicted with hypocrisy yet, the very cornerstone of adulthood is hypocrisy especially the hypocrisies that the self doesn’t even see.” A very important goal of mine is thus to stay a child in this context.

It is good that President Obama has pledged to donate the prize money to charity.

My opinion, and I know President Obama did not apply for the Prize, President Obama doesn’t deserve it and it is going to be nothing but an impossible standard to meet when he ends up making tough decisions on Afghanistan, Iraq and may be Iran. Oh, and I don’t think he will make the easy decision on the domestic front — Gun Control — that 540 Mayors just petitioned him for. Isn’t that ironic: acting on gun control can taken away some “business” from Bofors reducing the Nobel families fortunes and may be their ability to dish out the Peace Prize (hey! I can dream, can’t I?).