Do you consider Switzerland to be a European country. It has had forms of wealth tax for centuries, and the current tax generates roughly 4% of Switzerland’s total revenue. It seems to work just fine there.
Switzerland’s wealth taxes, depending on area (there is no country-wide wealth tax) starts at the equivalent of ~$100,000 on average, putting it very squarely in the
‘dialed down’ to be just another ‘mundane’ tax that falls primarily into the lap of the middle class.
category I mentioned before. That is absolutely not a tax aimed exclusively at the ultra-wealthy.
Do you consider Switzerland to be a European country. It has had forms of wealth tax for centuries, and the current tax generates roughly 4% of Switzerland’s total revenue. It seems to work just fine there.
Switzerland’s wealth taxes, depending on area (there is no country-wide wealth tax) starts at the equivalent of ~$100,000 on average, putting it very squarely in the
category I mentioned before. That is absolutely not a tax aimed exclusively at the ultra-wealthy.