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Left leader calls for 40k a month income cap

The Local · 16 Jun 2012, 16:01

Published: 16 Jun 2012 16:01 GMT+02:00

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"No-one needs more than 40 times the minimum income," Left party leader Katja Kipping told the Frankfurter Allgemeine Sonntagszeitung newspaper, in a pre-release published Saturday.

"If there is any additional income beyond that, then it just goes into influencing political decisions through bribery – or destructive financial speculation," she said.

Kipping, who became the Left party's new leader in early June, along with trade unionist Bernd Riexinger, said she got the new policy idea from her French counterpart Jean-Luc Mélenchon.

As part of his campaign, the French far-left's presidential candidate had demanded a 100 percent tax on any income above €360,000 year. "He had a lot of success with the idea," said Kipping.

Her suggestion is less radical than that, in that it would only affect incomes of above €480,000 a year.

The Left party's 2009 election manifesto included a 53 percent top income tax rate, for any incomes above €65,000 a year.

Kipping would also introduce a basic income for all German citizens of €1,050 a month – a controversial idea even within her own party. Her co-leader Riexinger is reportedly against the measure.

The Local/DPA/bk

The Local (news@thelocal.de)

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Your comments about this article

16:26 June 16, 2012 by Bigfoot76
Does she mean to add this 100 percent tax to Politicians or all people? I imagine the quality of football here will drop dramatically when all of the players go elsewhere to find the big contracts.
16:41 June 16, 2012 by pepsionice
So, lets be logical here. Every single business man would relocate out of Germany within days. The vast amount of wealth in the country would be relocated somewhere else. Course, the party doesn't care.

If you look at her ideas....she intends to take the money from the rich, and issue out a 1k Euro a month pay-check....just for being a German. This ought to entice the whole country to run out and vote for the party, but then they'd start to ask how long the free ride lasts.
17:01 June 16, 2012 by Eagle1
Comment removed by The Local for breach of our terms.
18:13 June 16, 2012 by Leo Strauss
Sounds like Frau Kiffing has been `kipping`. :D
21:37 June 16, 2012 by maxbrando
Comment removed by The Local for breach of our terms.
23:24 June 16, 2012 by catjones
germans seem to have an uncontrollable penchant for knowing what's best for others. What to eat, how much to make, levels of joy, work ethics, taxes paid; there is no limit to how much they know better and they have no qualms about telling you so. If only their world was as perfect as they demand others to be.
23:26 June 16, 2012 by lenin_mir
Ms.Kipping's background seems more red than the background here:
23:33 June 16, 2012 by belladons
Socialism really means a redistribution of wealth. Whether Democrat, Socialist, Labor Party, and all the others, people who are a part of and follow these parties are not for capitalism. It¦#39;s all centered on the need for legitimacy and more power. Get it together people and stop voting for these types. They do not represent you and they are fake.
00:21 June 17, 2012 by Wobinidan
Save me the 'redistribution of wealth lecture. Every financial transaction is a redistribution of wealth. Right now there is a massive redistribution of wealth taking place, and it is going out of the pockets of the majority and into the pockets of the minority.

I find this idea pretty stupid, but I find it even more stupid to transfer taxpayer money to irresponsible banks who have lent out far more money than even exists.

I think once you are making millions a year, you should be paying 70% tax. Of course, that would be charged on the money you make after each tax bracket, not on the whole sum like Germany currently does.

Once you get a couple of tens of million, you're just playing with money for power and maybe for fun. You have more than you will ever need.
00:35 June 17, 2012 by Eric1
Why are leftist so greedy? So greedy they think all money belongs to them and they will decide what a person needs or should have. Greed in it's purest form.
07:31 June 17, 2012 by MrNosey
@Wobinidan

Do you even live and work in Germany or have you swallowed some Republican propaganda whole? The German tax system DOES NOT apply a uniform rate on your entire income. It works the same as UK, US, etc systems. Tax bands apply progressively higher rates and ONLY ON THE INCOME FALLING WITHIN THAT BAND. Quit with your Tea-Party lies.
10:01 June 17, 2012 by kj77nw
@MrNosey

Ah, wonderful, jump on an inaccuracy in order to deflect from the bigger picture: Germany's income tax rates and tax burden are very high for the middle class. The people who do well are those below a middle class income and those with lots of property (very low tax rate) and investments (taxed at a lower rate than income).

And instead of fixing this problem, politicians of Left are happy to take money from the middle class to satisfy both their primary constituency and to hand out big government benefits to banks and corporations.
10:52 June 17, 2012 by ovalle3.14
If I were, for example, an A300 pilot with hundreds of lives under my responsibility, I would feel exploited earning less than 40K. I do find the idea good, but the limit should be drawn higher.
11:15 June 17, 2012 by OkieinBerlin
Comment removed by The Local for breach of our terms.
12:06 June 17, 2012 by AlexR
"Her suggestion would only affect incomes of above €480,000 a year."

"any additional income beyond that, then it just goes into influencing political decisions through bribery ­ or destructive financial speculation"

I don't disagree with the above. Who earns above €480,000 a year? Probably the infamous '1 percent'. And what to do with so much excess money? You can't let them stay in your bank account. You use it for various kinds of 'lobbying' or 'financial speculation', the very same speculation that brought Europe and US to its knees.
13:01 June 17, 2012 by n230099
And, let me guess...they promise to spend it wisely! A bit like China promising to make the kids toys out of only the clean medical waste.
13:40 June 17, 2012 by AlexR
@n230099

Don't be surprised but Germany is not China. Germany does usually spend wisely the taxpayers money.

I say "usually" because sometimes like now with the crisis, it spends the taxpayers money to bailout those very same rich people who, through the banks, were involved on 'destructive financial speculation'.
16:05 June 17, 2012 by GeoJet
catjones spewed forth the following tripe:

"germans seem to have an uncontrollable penchant for knowing what's best for others. What to eat, how much to make, levels of joy, work ethics, taxes paid; there is no limit to how much they know better and they have no qualms about telling you so. If only their world was as perfect as they demand others to be. "

You daft bint - didn't you see the part where the nutty German far-left borrowed the idea from the nutty French far-left? This has about as much to do with your everyday German as your comments have to do with intelligent thought.
16:43 June 17, 2012 by Leo Strauss
Ahhhhh, it is truly heart-warming and a little bit Ostalgic to see all that red again. The Hammer and Sickle `n all. And I dare say that our Ms. Kiffing is a lot easier to look at than, say, Rosa Luxemburg. She puts the Lieb in `Liebknecht`. Things are looking up. Simply wonderful sock puppets. But I digress...

Just wanted to mention again that I am reading `Wall Street and the Bolshevik Revolution` by Prof. Anthony C. Sutton. I would recommend it to all here. Gee, what a surprise. The same people who funded WW1, went on to fund Kerensky even as they were funding Trotsky and Lenin.

Called hedging your bets, folks. `But why?`, cry the Not Sees?

Because they want a monopoly they can run, even if its red.

And then later, these same banking interests went on to fund Little Adolf`s Braun Band of merry-makers, through the likes of Fritz Thyssen and good ol` grandpa Prescott Bush of Standard Oil. Sutton has another great book on this topic, called `Wall Street and the Rise of Hitler`.

`But why?`, cry the Nazis.

Because they want a monopoly they can run, even if it is brown.

And now as the same criminals implode the Euro-zone before our very eyes so that it can be rebuilt with one bank and one fiscal policy and perhaps, even one person running it all, the people will say- But why?

Because they want a monopoly they can run, even if it is blue and gold.
16:57 June 17, 2012 by hanskarl
This is class warfare at its best. Take away those who have the financial ability to invest in future technology and business growth and you have nothing. It is pitting the haves against anyone who feels and votes as a have nots.
17:50 June 17, 2012 by Tonapah
This woman is an idiot, albeit a calculating one...
18:45 June 17, 2012 by catjones
GeoJet...it takes nutty to know nutty and it seems you haven't fallen far from the tree. As for your French comment...add plagiarism to the list.
19:25 June 17, 2012 by Leo Strauss
@GeoJet

Jet, you need to come in real low and drop some snake and nape on that cat this time. :)
19:36 June 17, 2012 by belladons
@leo Strauss

Agreed and great reply to the story. Comprehending history, issues are all the same. All you have to do is follow the money. The money leads to the same purpose as you stated.
20:13 June 17, 2012 by Leo Strauss
@ belladons

Right on. Thanks bella. You`re right. Follow the money- Cui Bono?

None of this is happening by chance.

If you`re interested I would recommend this site:

https://www.tragedyandhope.com/th-podcasts/

There is a kind of jukebox that you can use to cycle through all of their podcast titles to either play them or download them for free.

Richard Groves and his friends at T and H introduced me to the works of Prof Sutton as well as those of Carrol Quigley, who wrote `Tragedy and Hope`. The elites gave Quigley access to all of their primary sources and the real `deep politics` so that he could write an overview of world history for the elites and the elites only. Only a couple thousand copies were printed and then the plates were destroyed so that the Sheeple wouldn`t have access to the info. You can download the book on the website or find the link to the download, or look for it online as it has since been reprinted.

Anyway, the podcasts are great and the books provide the details of what you already know: they are behind all of the false paradigms.

Later :)
09:55 June 18, 2012 by TheWonderer
Apart from the fact that some guys get aggavated on something they did not get (the limit in question is 40k a MONTH, not per YEAR!), it needs to be considered.

I am far from being a socialist or a communist - I know that there needs to be a stimulation for people to give the max.

But let us be real (and even Warren Buffett, also far from being a commie said something similar):

Two or three decades ago, a successful leader would make about 20-30 times the money the average worker made - these days, it often is a 100 times that.

Since globalization, they compare apples to oranges and everbody says the good ones would leave the country to go elsewhere... Well - which good ones? There are only few successful Germans in leading management positions in the U. S. - and one of the few (I forgot his name), working for a tractor-maker (John Deere, McCormick?) mentioned in an interview a few years ago that he dos not make more income in the U. S. Not more income? He said if he puts into consideration the extra costs he has to spend in the U. S. on education for his kids (schools, university), healthcare and other things, it outweights the higher taxes in Germany. He knows both systems - and likes both systems. But he (as a leader!) held that you cannot just pick the advantages from either system and claim higher and higher pay plus boni.

Besides: If you run your own business and take the full risk to gain or loose, that's one thing.

But most managers do not think in the long-term-effect but just lay-off people now to secure their bonus in 3 months. They do not care about the companies' well being in 1, 5 or 10 years as by that time, they will not work there anymore anyway.

Having said that, I conclude: Yes, why not tax those making (nor having!) more than 40k heavier and make tham carry their share by giving back to society.

It in not on taxing what you already have but on what you get - and it would be worth trying.

Besides, there are some rich Germans who (similar to some rich Americans) support this idea.

The Wonderer
15:13 June 18, 2012 by michael4096
Any 100% (or even close) tax regime is daft.

Paying people for living in Germany isn't necessarily daft. After all, nearly everybody is already paid: those that pay tax get the first chunk of their pay tax free which is a sort of payment and others such as retirees, children and unemployed also get paid. Putting all this into one payment for being 'German' would simplify things enormously without necessarily costing any more.

It would also have the enormous bonus of eliminating the "poverty gap" which makes it difficult for people on state benefits to work without losing income. Everybody would get the minimum and anything over is just taxed at whatever level.
15:55 June 18, 2012 by Tonapah
She's never had a "real" job in her life. Why would anyone listen to her?
16:25 June 18, 2012 by DoubleDTown
Tonapah is darned tootin' right. She went straight from college classes to the state legislature -- without finishing college. Then she finished and got a masters while "working" full time.

As if that's not enough reason to not listen to her, the other reason is that her party (so far) is still a left-wing fringe party with no serious clout. Let's all hope it stays that way.
20:52 June 18, 2012 by Teddy57
Amazing. 90% of the posts here discuss the cap and what is a "Fair" amount for someone to earn. I will never see that maximum amount, but I do not begrudge someone who will make it. Taxation which is not equal to all i.e. a percentage, is theft from one to give to another and punishes those who succeed. As always some want what is "Fair". That is subjective. It amazes me that those who really suck at life, want to either represent others who also suck, there by rising in the heirarchy of leeches, or just want more from the productive class, to suppor thier level of suckage.
21:00 June 18, 2012 by Der Grenadier aus Aachen
These people have completely lost their minds.
22:09 June 18, 2012 by wenddiver
Ths poor girl is crazy enough to be one of my Ex-girlfriends. What a destructive idea.
10:24 June 19, 2012 by szukalski
The high earners are already off-setting the low income earners with the amount of tax paid and this woman wants them to pay more? No, she wants to take all above a certain point! This is crazy.. let us see what her plan is to recoup the lost taxation when these high earners leave the country.
22:34 June 19, 2012 by Tonapah
A 34 year old, who's done nothing with her life, telling everyone else how it's suppose to be. This goes beyond arrogance. With all the time she spent in Russia, she should be the head of the new NKVD, Brigade Commander, German district.
16:22 June 22, 2012 by Floriansamsel
Oh my god - I've just discovered I'm a hidden communist.

Indeed, I find nothing wrong with raising the taxes on very high incomes. Read carefully: she's talking of incomes of more than 40.000 Euros per month. That's more most of us earn in one year...

If it's got to be 100 % remains to be discussed. It should be good enough to abolish the tax limit we have on very high incomes.
01:54 June 23, 2012 by vangoghic
Somebody needs to give this thing a close and personal talking to with a club.
17:39 June 23, 2012 by wenddiver
Wow, look at the photo! Glorious Leader is holding her head in an exact copy of those 1970's red banners with Marx, Lennin and country's local tyrrant looking to the future.

All Glory to the People's Soviet of Workers who think advancing Socialist thought, but produce nothing at this time until the new 15 yar plan comes down from Glorious leader. (Insert International here, sung by the Venezulian Street sweepers Choir )
17:58 June 23, 2012 by Paul Felix Schott
NO MORE PRIVATE JETS, NO MORE SMALL COMPANIES. MORE FREEDOM GONE.

Many are quick to run their mouth with out knowing what they say.

If this one Katja Kipping has its way soon only the wicked leaders will be rich. The new leader of Germany's socialist Left party, no Party of the Unjust wish to tell all what they can and cannot do. History has shown the world enough of wicked unjust leaders. If this was law 100 years ago just think of all the small business that have grown into a corporation that would not be. Well maybe that some Corporations should not be, many are good. Our Lord and Saviour Jesus Christ tells us not to judge others. He will come soon enough to judge all that lived on Earth.

Some run their mouth to let all know their limits of thinking and the wickness in Heart.

Some one give this one Katja Kipping a Bible and Pray if they really care for her that she reads it and get to know our Lord GOD and Saviour Jesus Christ.

The Lord's Little Helper

Paul felix Schott
00:53 June 26, 2012 by phil25
response to

23:33 June 16, 2012 by belladons

Socialism really means a redistribution of wealth. They do not represent you and they are fake.

If indeed you are right belladons, and socialism does mean a redistribution of wealth - presumably from the rich to the poor and working class - then when you say "they do not represent you", you are talking to the rich?

I can only speak for myself here, but I would much rather have a redistribution from the rich to the poor than the other way around - as has clearly been happening for the past 50 years under capitalism.

The Local Editor: Are you deliberately trying to mislead by headlining the story with €40,000 per month? Instead of saying €480,000 per year, which would have the support of many...
15:34 July 17, 2012 by zeddriver
@TEDDY57

Can you imaging the joy that phil25 would feel if a relative left him a 1,000,000 Euro lump sum upon their death. And since that money was paid out during a MONTH lets say July. The government would let him have 40,000 Euro and keep the remaining 960,000 Euro for them selves. I'd venture to say phil25 wouldn't be to happy with that deal. I have found one truism when it comes to the government handing out other peoples money.

When you rob Peter to pay Paul. You can always count on the support of Paul. Until Paul has enough money to match Peter. Then Paul will demand that no more robbing take place.
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