Wealth tax and its discontents. @LizPeek @TheHill @FoxNews
Oct 27, 2021, 12:23 AM
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Photo: Oprah Winfrey at the White House in 2010. She is the first female Black billionaire and was the only Black billionaire from 2004 to 2006.
Wealth tax and its discontents. @LizPeek @TheHill @FoxNews
Wealth tax and its discontents. @LizPeek @TheHill @FoxNews
https://www.wsj.com/articles/the-democrats-wealth-tax-mirage-billionaires-janet-yellen-kyrsten-sinema-joe-manchin-11635197950
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- Argentina: Impuesto sobre los Bienes Personales
- Netherlands: a tax called vermogensrendementheffing.
- France: Until 2017, there was a solidarity tax on wealth on any net assets above €800,000 for those with total net worth of €1,300,000 or mor
- Switzerland: A progressive wealth tax that varies by residence location. Most cantons have no wealth tax for individual net worth less than CHF 100,000 (approx. US$101,000) and progressively raise the tax rate on net assets with a top rate ranging from 0.13% to 0.94% depending on canton and municipality of residence
- Ancient Athens had a wealth tax called eisphora (see symmoria), and a wealth registry consisting of self-assessments (τίμημα), limited to the wealthiest
- In 2021, Patriotic Millionaires, a coalition of wealthy individuals who push for progressive policy changes, protested in front of Jeff Bezos's homes. Chairman Morris Pearl said that ending up with a few rich people and a lot of poor people is not a way one can run a sustainable society.
..
- Argentina: Impuesto sobre los Bienes Personales
- Netherlands: a tax called vermogensrendementheffing.
- France: Until 2017, there was a solidarity tax on wealth on any net assets above €800,000 for those with total net worth of €1,300,000 or mor
- Switzerland: A progressive wealth tax that varies by residence location. Most cantons have no wealth tax for individual net worth less than CHF 100,000 (approx. US$101,000) and progressively raise the tax rate on net assets with a top rate ranging from 0.13% to 0.94% depending on canton and municipality of residence
- Ancient Athens had a wealth tax called eisphora (see symmoria), and a wealth registry consisting of self-assessments (τίμημα), limited to the wealthiest
- In 2021, Patriotic Millionaires, a coalition of wealthy individuals who push for progressive policy changes, protested in front of Jeff Bezos's homes. Chairman Morris Pearl said that ending up with a few rich people and a lot of poor people is not a way one can run a sustainable society.