Comment on But how would they be able to live on that?

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RustyEarthfire@lemmy.world ⁨5⁩ ⁨months⁩ ago

That’s not a wealth tax, that is an income tax (+4% for the 1M+ tax bracket).

Countries that have a general wealth tax are Norway, Spain, and Switzerland. Countries with a selective wealth tax (beyond property taxes) are Belgium, Italy, and the Netherlands. Source: pgpf.org/…/what-is-a-wealth-tax-and-should-the-un… (under the heading “How have wealth taxes worked in other countries”)

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