Taxing wealth instead of work is touted as an important part of the solution to the wealth gap, but I’m curious which other solutions have been proposed or attempted and have succeeded or failed.
Taxing wealth instead of work is touted as an important part of the solution to the wealth gap, but I’m curious which other solutions have been proposed or attempted and have succeeded or failed.
Where can you buy a 2M euro mansion? Here in BW a million buys you a small house, or even just a Wohnung.
Those who own a house worth one or two million euros aren’t rich. They’ll have bought it for peanuts a decade ago. They’ll have worked hard and paid plenty of tax. So why charge more tax on top of that after they’ve died? You’re just punishing their children, who aren’t going to be well off by any stretch of the imagination.
I’m all for levying inheritance tax on the properties owned by millionaires and billionaires and their trust fund babies, naturally.
I must have phrased it poorly because that is what I meant. Don’t tax 2Mil+ houses. Unfortunately right now when people think about inheritance tax this is what comes to mind. I don’t care if you inherit a huge house tax free. I care if you inherit massive wealth. A high priced family home is not massive wealth.