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Post by Aline Blankertz

Aline Blankertz @alineblankertz@indieweb.social

Unexpected good news from Hungary: a wealth tax starting at around €3m (only 1% so far, with 1.5% from €300m).

This was possible because all the rich people had become so closely intertwined with Orban over 16 years, so their counter-lobbying didn’t work.

Obviously, the tax rate is way too small (only slowing the rate at which inequality is increasing), but if that’s what a conservative government does, progressive ones should be able to go much higher.

reuters.com/business/hungary-g

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Replies

LoKo @loko@owo.cafe

@alineblankertz I have a doubt. If I'm not wrong, the party now ruling Hungary is considered progresive. When you say a conservative goverment made this, do you mean that this party is still on the conservative side, maybe just they are a bit more progressive, but not enough to be progressive?

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Aline Blankertz @alineblankertz@indieweb.social

@loko Yes, the new Hungarian govt is clearly conservative. Magyar was part of Fidesz and still represents a strict anti-migration course with neoclassical economics etc.

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