and above all it is about introducing a new level of taxation at European Union level. you have already used up your budget for this year and are desperately looking for new sources of revenue to finance your bureaucratic socialist projects. hence the consolidation of the various registers.

TomK

news

EU's New Asset Register Sparks Privacy Concerns

Let's be honest, real estate and vehicles are already in mandatory state registers. They can have access to bank records and brokerage accounts at will.

So, while concerning, this isn't that great of a leap forward, more like a consolidation of existing power.

This will, of course, make it easier to hunt (and tax) those who would dare to protect themselves from inflation by holding harder assets. (Hint: It was never about Russians and terrorists.) 