That is what I wonder. Don’t know about you guys, but I feel like a European patriot, even though this maybe does not make sense to some.
Being a true European patriot means to me: caring about all of the freedoms we have, our social democracies, is to value the open pluralist societies we developed since WW2, wanting to protect what the reactionaries want to take away from us, stop those who want to lock us all up, back in the small closed-minded nation-states we all come from, which will ultimately lick the boots of either US or China/Russia.
They are well organized, but what is the organization, the movement that fights against this ongoing attack on our shared values and mode of existence?
The post-WW2 Europe is an oasis of bliss in a world which is on fire, and we are all under attack. How can we fight against this destruction from the inside as well as from the outside ?
You do pay taxes in the EU if you own assets in the EU.
China taxes quite a lot less than the EU I’m sure. Otherwise nobody would have built their factories there.
Edit: China taxes capital more it seems
In the European Union (EU), the share of labour taxes (including social contributions) in total tax revenues expanded in 2023 to 51.2%, while the share of capital tax revenues remained unchanged at 21.9%. This indicates that labour taxes contribute significantly more to the EU’s total tax revenue compared to capital taxes.
In China, the effective tax rate (ETR) on capital rose from 10% to 30% between 1995 and 2018, while labour taxation also saw a slow but steady rise. However, specific figures on the proportion of tax revenue from capital versus labour in China are not provided in the search results.
For more detailed and precise information, it would be beneficial to consult the latest reports from organizations such as the OECD or national tax authorities.
https://www.beursgorilla.nl/Index-Koers/150176326/CHINA-Shanghai-Composite.aspx
But as you can see, the stock market since then has been quite dull
Edit2:
In the United States, corporate income taxes accounted for 6.5% of total U.S. tax revenue in 2022. This figure represents the portion of total tax revenue derived from taxing corporate profits, which is a form of capital income.
For more detailed and precise information, it would be beneficial to consult the latest reports from organizations such as the Internal Revenue Service (IRS) or the U.S. Treasury.
And the SP500 has been the desire of the world. The USA is 60% of a world ETF
The CCP is special. It’s politicking very much takes it’s people’s happiness (or the people perceived happiness) into account.
Also While they do allow the whole weath inequality gap to increase, they very much control the wealthy, instead of having it the other way around.
Imo, other countries can learn a thing or two. For the CCP dudes, there’s no next election cycle to start ramping up actual work that needs to be done to get them elected again. For them it’s over, if they don’t keep their people happy (content/fooled) and they’re the only goddamn authoritarians that understand that. They understand this, so they keep a tight leash on every enterprise, bank and institution within the country and plan extensively.
That’s what the governments need to do, let only the people’s vote control them and not any money, lobbying, institution or rich person.