Comment on EU-funded report calls for wealth of super-rich to be taxed, not income

Ergologia@lemmy.world ⁨1⁩ ⁨year⁩ ago

• sixCats@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

  I think that’s crazy

  I also think that’s crazy. In the UK we pay stamp duty, a one time tax when you buy property. It’s much more if it isn’t your primary residence

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  • JoBo@feddit.uk ⁨1⁩ ⁨year⁩ ago

    You pay council tax. It is a different way of collecting the same tax.

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    • sixCats@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

      Council tax doesn’t pay for any of the things that property taxes do. The USA also has separate taxes for bin collection etc

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      • JoBo@feddit.uk ⁨1⁩ ⁨year⁩ ago

        You’re paying for local services and the amount you pay is based on the value of your home. HTH

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  • ryannathans@aussie.zone ⁨1⁩ ⁨year⁩ ago

    It’s typically about 5% here

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• quindraco@lemm.ee ⁨1⁩ ⁨year⁩ ago

  If you’re American, those are state and/or municipal taxes. The Federal government can’t tax property without an Amendment.

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• Cerothen@lemmy.ca ⁨1⁩ ⁨year⁩ ago

  You pay property tax because of the services that are provided to you by the municipality. Garbage collection, streets, parks, schools, libraries, public services, social programs, public events, etc.

  While I understand the idea your going for here the intent of those taxes aren’t the same and the businesses that they are interested in would pay some form of tax (probably?).

  I think something like a gross wealth tax, 10% of all wealth a year over over something like the poverty line * 100 in total assets

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