nosuchreality
Well-known member
Kenkoko said:nosuchreality said:The answer is simple, property tax. Anything with a title and all financial instruments.
With all due respect, No
It's mind boggling to me why we don't simply follow what has worked in every other developed country and adopt a VAT. It's proven to work and is an efficient way to tax.
Why keep trying to invent the wheel?
Wealth taxes have worked since the beginning of civilization.
The Nordic countries had wealth taxes until the 80s and 90s. While the Nordic countries lead in the income equality, they are experiencing rapid increases in inequality since abolishing and lead the OECD countries in this growth on GENI and other inequality measures.
In other words, the current Nordic model is undoing the equality you seek and creating the inequality you want to mitigate.
The Nordic countries also have another dirty secret that progressives will absolutely hate, every one pays high taxes. Sweden for example has it's top bracket kick in at kr537K . The average salary in Sweden is kr547K.
The solution that the successful capitalist democracies have is that every one has skin in the taxation game.