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by el_jay
645 days ago
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Why no mention of a simple wealth tax? The Swiss take 1% of each citizens’ wealth, including unrealised gains on capital market holdings, every year. Paired with a policy of zero cap gains taxes on individuals - unless cap gains are that individual’s sole or major source of income, in which case they are taxable as income - this appears to strike the right balance between raising revenue and encouraging investment, without frightening off too many rich people. Seems much more straightforward than faffing about with unrealised gains. |
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In France we had a wealth tax but only for people who owned over 1 300 000 € in wealth. Had because Macron stopped it because apparently it would make the rich leave the country which was pretty stupid since the first version of this tax was from 1945 and France is known to host a lot of ultra rich people.