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by monero-xmr 1258 days ago
The rich own assets, they aren’t making massive amounts of income. Wealth taxes don’t work well. The game at the highest level is very complex.

In Europe, the middle class pays far more in tax. The left in America advocate for a European-style welfare state but pretend the middle class doesn’t have to pay a nickel in extra tax for it because they can get it all from the rich. The math doesn’t add up.
1 comments
xracy 1258 days ago
"wealth taxes don't work" - citation needed

Also, I'm explicitly suggesting the top 10% of folks as a target for taxation.

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monero-xmr 1258 days ago
The only major country to attempt a wealth tax was France, which repealed it.
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xracy 1258 days ago
et voila "one wealth tax didn't work", becomes "all wealth taxes don't work". But also what does "didn't work" even mean here? There's nothing about the French law that suggests it didn't get money.

But also, this was like, a lot easier to verify you're wrong about this (quick Google Search reveals): https://en.wikipedia.org/wiki/Wealth_tax#Current_examples

That reads as 9 countries that are doing it. So I'm going to need a lot more citations from you to believe anything you post from here on out.

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