[briandear]

Most OECD countries have dropped wealth taxes. They don’t work. In 1990, 12 OECD countries had wealth taxes, now, only 4. A wealth tax has a lot of unintended consequences and while it sounds good as a populist sound bite, reality isn’t so simplistic.

[pjc50]

Do you have a history of this - was it just that the ownership was moved offshore? Did they "not work" or was it just lobbied against?

[sokoloff]

I see that list of 4 (Switzerland, Spain, France, and Norway), yet I know that the Netherlands is in OECD and also has a wealth tax: https://en.m.wikipedia.org/wiki/Taxation_in_the_Netherlands#...

[coldtea]

Did they dropped them because they "don't work" or because the wealthy lobbied against them?