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Seems like a strange way to implement a wealth tax since it only applies to a single type of wealth (cash) and not equity, real estate, commodities, etc.
by thebean11 5y ago
Seems like a strange way to implement a wealth tax since it only applies to a single type of wealth (cash) and not equity, real estate, commodities, etc.
- paulluuk 5y agoThere are actually a lot of different forms of wealth tax in the Netherlands.
- IkmoIkmo 5y agoWhat are you referring to? If anything I know the Netherlands as having a comparatively few forms of wealth tax compared to other countries, the main wealth tax is mostly based on 'one form' that is completely undifferentiated (i.e., any net wealth, as part of box 3)
- efficax 5y agoThat's the point though: large amounts of cash should not be sitting there, they should be circulating through investment. It's not a tax as much as an incentive. Inflation functions the same way by making holding on to cash a losing proposition. There is just SO MUCH cash right now in the hands of the wealthy classes and it's just sitting there in bank accounts not being circulated.