Flying Squid@lemmy.world to A Boring Dystopia@lemmy.world · 10 months agoBut how would they be able to live on that?lemmy.worldimagemessage-square337fedilinkarrow-up11.93Karrow-down149
arrow-up11.88Karrow-down1imageBut how would they be able to live on that?lemmy.worldFlying Squid@lemmy.world to A Boring Dystopia@lemmy.world · 10 months agomessage-square337fedilink
minus-squareRustyEarthfire@lemmy.worldlinkfedilinkEnglisharrow-up2·10 months agoThat’s not a wealth tax, that is an income tax (+4% for the 1M+ tax bracket). Countries that have a general wealth tax are Norway, Spain, and Switzerland. Countries with a selective wealth tax (beyond property taxes) are Belgium, Italy, and the Netherlands. Source: https://www.pgpf.org/blog/2023/10/what-is-a-wealth-tax-and-should-the-united-states-have-one (under the heading “How have wealth taxes worked in other countries”)
That’s not a wealth tax, that is an income tax (+4% for the 1M+ tax bracket).
Countries that have a general wealth tax are Norway, Spain, and Switzerland. Countries with a selective wealth tax (beyond property taxes) are Belgium, Italy, and the Netherlands. Source: https://www.pgpf.org/blog/2023/10/what-is-a-wealth-tax-and-should-the-united-states-have-one (under the heading “How have wealth taxes worked in other countries”)