The leading French economist Gabriel Zucman is urging European governments to inflict financial pain on American billionaires in response to US President Donald Trump’s effort to seize control of Greenland, a mineral-rich island that some of Trump’s rich campaign donors see as a potentially massive profit opportunity.
“Access to the European market—by billionaires and the companies they own—should be made conditional on paying a wealth tax: in effect, a tariff for oligarchs. If Elon Musk, for example, wants to keep selling Teslas in Europe, he should have to pay it. If he refuses, Tesla would lose access to the European market.”
Treat the American oligarchy like the robber barons they are
In addition, kick out McDonalds, Burger King and Subway. Better for general health too.
Make multinationals pay tax on their earnings within the country, and without transfer-payment chicanery. Squeeze them until the pips squeak. They’re competing unfairly with locally-based businesses who actually pay their taxes.
Europe: sorry, best we can do is specific carveouts for US billionaire owned companies in our tax code…
And I only have one upvote 😒
No, you have 25!
…to give
Finally some fucking sense. Doing nothing and being mad has gotten no one anywhere. Hit them where it fucking hurts, bottom line be damned. Governments are not businesses.
This would be the largest W of the century, but I’m going to go ahead and manage my expectations
We already know how to do this, its literally the first thing we did when we sanctioned Russia for Ukraine. Target the business interests of the people actually making the decisions.
This was always the answer they were just too afraid of their own rich people until a land invasion seemed imminent.
This would make Trump panic in the best way, it would directly undermine his aesthetic of Rich Asshole Who Other Rich Assholes Like.
The digital ID is a Larry Ellison project through oracle so it seems like the politicians really want to shove American facist billionaires into your government
I’m pretty sure Ireland is where all the major companies are “headquartered” and technically keep all their money there for tax reasons. Ireland could just freeze the bank accounts of Apple, Google, Microsoft, Meta, Intel, … Or do something similar if they so choose as retaliation. Would be devastating financially afterwards, but would get the US’s full attention
Yeah, I don’t think that is going to happen. We are talking about Ireland… Right?
The EU needs to divest its self of US technology. It’s clear we have gone down the drain and will no longer be considered a competent ally.
Block billionaire’s services and nourish European alternatives.
Make all the IP of those billionaires unprotected in the EU. Maybe also get China on-board.
No Tariffs. tariffs can be passed on to the poor, who have no part in this invasion. Start sanctioning the Billionaires & seize their assets instead.
Repealing anti circumvention law might be a good place to start.
