3 ms·

I'm just amazed that the threshold in the proposal is as high as $50M, meaning it only affects what I would call the super-rich. Here in the Netherlands we have

by tromp 6y ago

I'm just amazed that the threshold in the proposal is as high as $50M, meaning it only affects what I would call the super-rich. Here in the Netherlands we have a wealth tax (but no financial gains tax) of 1.2% with a threshold under $1M, which seems fair enough.

readthenotes1 6y ago
It would get there quick enough in the United States if it followed the trajectory of their income tax