4 ms·
A few quibbles. 1. Wealth != Taxable income. Wealth is generally post tax holdings. It's technical, but important to distinguish. 2. This isn't too strange fo
by huffmsa 8y ago
A few quibbles.
1. Wealth != Taxable income. Wealth is generally post tax holdings. It's technical, but important to distinguish.
2. This isn't too strange for Europe. The aristocracies that stratified during the enlightenment did pretty well in places where there weren't proletariat revolutions in the 19th century.
The northern Italian city states have always been odd, autonomous ducks.
- ataturk 8y agoIt may not be strange for Europe, but don't you find it problematic that the few families that ruled the world in the Middle Ages still rule the world today? How is that even possible? It's frankly disgusting and speaks to how wealth and power concentrate and then never go away. The French and the Russians were right. Too bad what came after was so horrific in those cases. We have the same problem in the states--so-called "Old Money" mixing with all the "New Money" lording over the rest of us. We also have politicians who are far past their expiration dates. Long live ANARCHY.
- bpicolo 8y agoThat said, it's taxable on death, typically. Italian inheritance tax looks to be pretty low though (sub-10%). That's miniscule.
- deleted 8y ago[deleted]