EmbeddingGemma 2: an open, lightweight multimodal embedding model
deepmind.google·6d ago
AI Engineering
Hacker News·Jul 28·5 min read
Europe's Ultra-Rich Could Fund a Substantial Part of the EU's Budget
TL;DR
A proposed minimum tax on individuals with net wealth over €100 million could significantly boost the EU budget, which currently relies heavily on labor and consumption taxes. This approach would generate new revenue rather than redistributing existing funds from national treasuries.
✦ Why It Matters
Consider advocating for policies that support a minimum tax on ultra-wealthy individuals to enhance EU funding.
Key Takeaways
- Explore the implications of the proposed EU budget on your sector.
- Research potential impacts of taxing ultra-wealthy individuals.
- Stay informed about EU-level taxation on crypto assets.
- Engage in discussions about sustainable funding for public goods.
Full Summary
The European Commission has proposed a nearly €2 trillion budget for 2028-2034, primarily to meet increasing demands for climate action, digitalization, and public security. Current funding relies heavily on national contributions based on gross national income (GNI), which often leads to contentious debates about who pays what.
To alleviate this, the proposal includes new revenue sources like a minimum tax on individuals with net wealth over €100 million, which could generate up to €41 billion annually. Other potential sources include taxes on cryptocurrency transactions and aviation-related levies.
These measures aim to create a more sustainable and equitable funding model for the EU, moving away from reliance on labor and consumption taxes.