Post #4164653
2026-07-28 13:14 UTC
For those who haven't really thought about "wealth taxes" before, you might be thinking up all the ways people might avoid it (with loopholes) or that it might cause rich people to run away. And yes, you want to make sure that loopholes (foreign ownership etc) aren't added or allowed to keep existing.
The rich will bring up France having failed to implement a wealth tax properly. The think there is that they deliberately added loopholes. So it sank.
Other countries/states have wealth taxes.
Replies (1)
-
@slowe@mastodon.me.uk 2026-07-28 13:19
As pointed out here https://c.im/@DrKathyChandler/116997653799347556, Norway has a wealth tax. Switzerland (not exactly known for being poor or anti capital) has a wealth tax. Not a wealth tax but perhaps surprising for British people is that the US taxes US citizens wherever they live, not just if they are in the US. Even if they were just born there. And they apply an "exit tax" to those wanting to renounce their citizenship that applies if you have a net worth over $2m or a high income.