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Borrowing money against their stuff to get more stuff to borrow money... (thelemmy.club)
submitted 6 months ago by to c/aboringdystopia@lemmy.world
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[–] 1 point 6 months ago (1 child)

Do you consider Switzerland to be a European country. It has had forms of wealth tax for centuries, and the current tax generates roughly 4% of Switzerland's total revenue. It seems to work just fine there.

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  • [–] 1 point 6 months ago

    Switzerland's wealth taxes, depending on area (there is no country-wide wealth tax) starts at the equivalent of ~$100,000 on average, putting it very squarely in the

    ‘dialed down’ to be just another ‘mundane’ tax that falls primarily into the lap of the middle class.

    category I mentioned before. That is absolutely not a tax aimed exclusively at the ultra-wealthy.

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