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Most OECD countries have dropped wealth taxes. They don’t work. In 1990, 12 OECD countries had wealth taxes, now, only 4. A wealth tax has a lot of unintended c
by briandear 7y ago
Most OECD countries have dropped wealth taxes. They don’t work. In 1990, 12 OECD countries had wealth taxes, now, only 4. A wealth tax has a lot of unintended consequences and while it sounds good as a populist sound bite, reality isn’t so simplistic.
- pjc50 7y agoDo you have a history of this - was it just that the ownership was moved offshore? Did they "not work" or was it just lobbied against?
- sokoloff 7y agoI see that list of 4 (Switzerland, Spain, France, and Norway), yet I know that the Netherlands is in OECD and also has a wealth tax: https://en.m.wikipedia.org/wiki/Taxation_in_the_Netherlands#Wealth_tax https://en.m.wikipedia.org/wiki/Taxation_in_the_Netherlands#...
- coldtea 7y agoDid they dropped them because they "don't work" or because the wealthy lobbied against them?