Norway implemented a wealth tax and millionaires didn’t move. It still has one of the highest rates of millionaires in Europe.
France implemented a wealth tax and millionaires moved causing them to make less than if they hadn’t implemented it. They repealed said tax after 2 years.
Wealth taxes can work if done right. Done wrong and they do leave.
Not sure about France wealth tax specifically, but the EU has always had a huge problem with taxes being uneven, especially stuff like corporate tax, with smaller countries “stealing” companies from the bigger ones.
This year a minimum of 15% eu-wide was introduced to stop the tax race to the bottom, something similar could and should be applied to a wealth tax.
There were 12 countries with wealth tax in 1990, there are only 3 countries with it today. Wealth tax does not work, we know that since ancient Rome times.
Fucking CanadaDefaultism. I expected better from you guys. You truly are just Americans with moosephilia. How aboot you kick yourself up the ass buddy, eh?
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Two counterpoints:
Norway implemented a wealth tax and millionaires didn’t move. It still has one of the highest rates of millionaires in Europe.
France implemented a wealth tax and millionaires moved causing them to make less than if they hadn’t implemented it. They repealed said tax after 2 years.
Wealth taxes can work if done right. Done wrong and they do leave.
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Not sure about France wealth tax specifically, but the EU has always had a huge problem with taxes being uneven, especially stuff like corporate tax, with smaller countries “stealing” companies from the bigger ones.
This year a minimum of 15% eu-wide was introduced to stop the tax race to the bottom, something similar could and should be applied to a wealth tax.
There were 12 countries with wealth tax in 1990, there are only 3 countries with it today. Wealth tax does not work, we know that since ancient Rome times.
Fine, let some other country have their population exploited for labor, put an import tax on their products, we’ll survive just fine.
Right?? Let the leeches leave! Capital means fuck all when it’s all only for them.
Fucking CanadaDefaultism. I expected better from you guys. You truly are just Americans with moosephilia. How aboot you kick yourself up the ass buddy, eh?
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