Comment on Borrowing money against their stuff to get more stuff to borrow money...
merc@sh.itjust.works 6 days agoDo 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.
damnedfurry@lemmy.world 4 days ago
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.