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Why no mention of a simple wealth tax? The Swiss take 1% of each citizens’ wealth, including unrealised gains on capital market holdings, every year. Paired wit
by el_jay 2y ago
Why no mention of a simple wealth tax? The Swiss take 1% of each citizens’ wealth, including unrealised gains on capital market holdings, every year. Paired with a policy of zero cap gains taxes on individuals - unless cap gains are that individual’s sole or major source of income, in which case they are taxable as income - this appears to strike the right balance between raising revenue and encouraging investment, without frightening off too many rich people.
Seems much more straightforward than faffing about with unrealised gains.
- pjerem 2y agoIt can even be stepped. In France we had a wealth tax but only for people who owned over 1 300 000 € in wealth. Had because Macron stopped it because apparently it would make the rich leave the country which was pretty stupid since the first version of this tax was from 1945 and France is known to host a lot of ultra rich people.
- yunohn 2y agoInteresting, that sounds like a more reasonable threshold than the Netherlands with 30k€ earlier and since 2023, 50k€.
- HDThoreaun 2y agoToo easy to avoid. France tried and all the wealth fled, no money raised by the tax.