How many of these reports must ae suffer through? We know. Do something.
this post was submitted on 23 Oct 2023
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Vote for a party that wants a wealth tax?
The EU may have that option. The USA does not.
'The EU' doesn't either
That appears incorrect. While they don't seem nearly substantial enough, wealth taxes are in place in some countries in Europe.
Some = 3.
Norway, Switzerland, Spain, France, and Italy. Yep, seems like three to me.
Property tax on stocks held outside a tax advantaged account.
You think that's crazy, I pay property tax on my home. I have to come up with money to pay it, whether or not my home made me any money that year.
I think that’s crazy
I also think that’s crazy. In the UK we pay stamp duty, a one time tax when you buy property. It’s much more if it isn’t your primary residence
You pay council tax. It is a different way of collecting the same tax.
Council tax doesn’t pay for any of the things that property taxes do. The USA also has separate taxes for bin collection etc
You're paying for local services and the amount you pay is based on the value of your home. HTH
Yea but notably property taxes pay for schools in the USA, council tax pays for roads, lights, bins etc
In the UK you don’t get to go to a better school just because your house costs more money
It's typically about 5% here
If you're American, those are state and/or municipal taxes. The Federal government can't tax property without an Amendment.
You pay property tax because of the services that are provided to you by the municipality. Garbage collection, streets, parks, schools, libraries, public services, social programs, public events, etc.
While I understand the idea your going for here the intent of those taxes aren't the same and the businesses that they are interested in would pay some form of tax (probably?).
I think something like a gross wealth tax, 10% of all wealth a year over over something like the poverty line * 100 in total assets
The people that benefit the most from society should pay for it. Also, people living off the income from actual work are already paying a tax to the wealthy, that's where their wealth comes from.
Income tax is double taxation to both the wealthy/corporations, in their profits, and to the government.
No shit.
Let me offer this as well - it’s not just about taxing wealth. By taxing that wealth you also reduce their influence. If everyone taxes them they can’t play their games of threatening to run away with their money to elsewhere.
Both? Both. Both is good.