European governments have discovered that they need their countries’ most productive citizens to fund their budgets. They’re heavily “discouraging” exits. From Thomas Kolbe at zerohedge.com:
More and more people are turning their backs on the European Union. With them, the states are also losing economic substance. Exit taxes are being used in an attempt to counter this.
The states of the European Union are experiencing a veritable exodus. About 1.4 million EU citizens left their home countries in 2023, among them 265,000 Germans. Among the favored destinations are, alongside Switzerland and the United States, booming regions such as Qatar or Dubai.
Good Reasons
The list of destination countries carries political dynamite, because it says much about the background of this flight movement. A growing number of high performers are trying to escape what is in many places almost predatory levels of taxation. In addition, academics, researchers, freelancers such as the so-called “digital nomads,” and entrepreneurs simply find better economic prospects elsewhere than in economically sedated Europe.
EU citizens are not infrequently being drained by a tax burden of 45 percent. We know this from Germany: it is not even necessary to count among the absolute top earners in order to have to surrender nearly half of one’s income to the tax authorities. Basically, it is a scandal—one about which there is no longer any open discussion.
They think they own everything.
Taxes are the ultimate government owns everything.
Regarding that CHS what if Soc Sec was a pension, a sibling got penalized for returning to work in the same field, they cut into pension.
You’ll own nothing and like it, property is theft, comrade.
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