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It depends how the wealth tax is implemented. European wealth taxes were primarily on capital like stocks, which are extremely easy to move, even easier than in
by soberpeach 5y ago
It depends how the wealth tax is implemented. European wealth taxes were primarily on capital like stocks, which are extremely easy to move, even easier than income.
A wealth tax on land (an LVT) is literally impossible to avoid however since you can't move the land.
- umeshunni 5y ago> A wealth tax on land (an LVT) is literally impossible to avoid however since you can't move the land. Yeah, those are called property taxes and already exist.
- soberpeach 5y agoProperty taxes tax buildings as well, a Land Value Tax is purely a tax on the land and doesn't change whether you have a building on it or not.