Europe's Ultra-Rich Could Fund a Substantial Part of the EU's Budget - AllTheNews.today

Europe's Ultra-Rich Could Fund a Substantial Part of the EU's Budget

# Summary The EU could substantially fund its growing 2028-2034 budget through new taxes on ultra-wealthy individuals, crypto transactions, and financial trades rather than increasing national contributions that burden workers and consumers. Research shows that a minimum wealth tax on individuals with net assets above €100 million has the highest revenue potential, while EU-level levies on mobile assets like crypto and financial trades would be more effective than national taxation and wouldn't cannibalize existing member state revenues.
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