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Yes there is a wealth tax in Switzerland, but... it would have to be much higher to make a difference. Raising it will not pass a referendum, which it practical
by Matumio 3y ago
Yes there is a wealth tax in Switzerland, but... it would have to be much higher to make a difference. Raising it will not pass a referendum, which it practically has to in Switzerland. It has one big advantage, though: official numbers about wealth distribution.
I think micro taxation on all transactions (including at ATMs) would work better. Easier to explain, harder to avoid since you tax both sides of each transaction.
- Panzer04 3y agoThis is what a GST/VAT is, but far less disruptive. Taxing transactions that don't actually exchange ownership would be bonkers.
- wh0knows 3y agoAren’t these taxations generally regressive given poor people spend ~100% of their income and ultra rich people spend <1%. So you’re taxing the poor person on all of their money but barely taxing the rich person.