One of the very few redeeming traits of the Chinese Communist Party is that it has made sure that wealthy individuals never gain any political power. China will likely remain a one party state, but it will never become an oligarchy like most nominally democratic western countries. This is a huge long term advantage.
brinlov on
I can only say as a Norwegian: the wealth tax „discussion“ and obsession from the right parties is the stupidest thing that has happened to the political climate in recent years. It doesn’t affect most of the voters in any noticeable way, and the super rich pay WAY less than they both claim and should pay (this has been proven, but the millionaires and billionaires cry about it)
androgeninc on
What’s missing from the article is that the government has supplemented the wealth tax with an additional exit tax, so you also have to pay a tax if you want to leave the country. Many are practically imprisoned due to this. A bit authoritarian for a liberal „democracy“.
asfsdgwe35r3asfdas23 on
Wealth and income taxes should be updated with inflation. If they are not, you end up in a situation in which the average people end up paying taxes that were once designed for rich people. And this people see how each year they pay more taxes while their purchasing power decreases.
PresidentZeus on
All parties in the right block want to reverse the 1% wealth tax rate on what they call „working capital“. A tax cut where the top 1% gets 80% of the cuts, and the top 0.1% gets half. They use terms like working capital and tax refugees. But money in index funds and gold is included, and tax refugees don’t flee from the wealth tax when they’re all going to tax heavens.
The right complains about no nuances, but they’re the ones who wants to reverse the entire wealth tax introduced, except for the rightmost Frp who wants to abandon tax on property and cash that’s not invested. They also refused to negotiate a broad conciliation when the left invited them. They had the chance to avoid a banana republic where everything is unpredictable because introduced tax laws have a 50/50 chance of evaporating after every election. This is literally the biggest brag the centre-right Conservatives have.
The only centrists who have nuances are the ones not funded by the same billionaires as the right. Even the leader of the centrist liberals can’t make sense out of their tax policy when she assumes that they obviously must be in favour of inheritance tax, which they’re not.
And this tax has gotten all the attention, while no one talks about Ukraine, America, the EU or climate change.
Purple_Plus on
Isn’t a land value tax a better version of a wealth tax? I’m not sure why it’s never proposed.
Muted_End_1450 on
Kom igen, Norge. Ni är kloka nog att förstå att det behövs skatt för att vägar och sjukhus ska fungera, så varför inte fixa så att de som redan får mest pengar också bidra mer till just det de tjänar pengar på, dvs ert egna land. Det är upp till er att se till att ni, och era barn får det bra.
Nosciolito on
People who are a paycheck from homelessness defending the rich will always be hilarious.
AdPlastic206 on
There will never be enough to feed the greed
swollen_foreskin on
I really feel like that wealth tax thing is manufactured, mostly pushed by media. Most people don’t vote right wing parties because of wealth tax… never heard a single person talk about wealth tax irl, heard them complain about a lot of other things though. Like too much bureaucracy, government spending, immigration, price increases etc…
Crimsonavenger2000 on
As a Dutch person this all sounds vaguely familiar.
Where have I heard people complaining about high wealth taxes when they themselves are not benefitting from it at all and screwing over everyone who isn’t Bill Gates by denying them affordable housing and directly ruining the country’s economy.
Really can’t quite put my finger on it…
RobespierreLaTerreur on
Obviously, Trump-admiring influencers are against the tax.
That’s all you need to know about the (im)moral ground of this position.
Another astroturfing campaign by selfish cunts who can never have enough.
BahutF1 on
Scrap one of the rare tax who barely affect the living standard of the concerned citizens.
Thanks, liberal propaganda.
smallushandus on
IMO we need a single coherent global (or at least a EU/EEA) wealth tax.
It should be gross assets-based (i.e. no deduction for debt), have a low-ish tax rate (since there is no deduction for debt) to start but be progressive, and have a reasonably high floor to target only the richest (e.g. EUR 1/2/5 million).
It could be allowed to be deducted/offset wholly or partially against other taxes on assets such as dividend or withholding taxes, capital gains taxes and property taxes.
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One of the very few redeeming traits of the Chinese Communist Party is that it has made sure that wealthy individuals never gain any political power. China will likely remain a one party state, but it will never become an oligarchy like most nominally democratic western countries. This is a huge long term advantage.
I can only say as a Norwegian: the wealth tax „discussion“ and obsession from the right parties is the stupidest thing that has happened to the political climate in recent years. It doesn’t affect most of the voters in any noticeable way, and the super rich pay WAY less than they both claim and should pay (this has been proven, but the millionaires and billionaires cry about it)
What’s missing from the article is that the government has supplemented the wealth tax with an additional exit tax, so you also have to pay a tax if you want to leave the country. Many are practically imprisoned due to this. A bit authoritarian for a liberal „democracy“.
Wealth and income taxes should be updated with inflation. If they are not, you end up in a situation in which the average people end up paying taxes that were once designed for rich people. And this people see how each year they pay more taxes while their purchasing power decreases.
All parties in the right block want to reverse the 1% wealth tax rate on what they call „working capital“. A tax cut where the top 1% gets 80% of the cuts, and the top 0.1% gets half. They use terms like working capital and tax refugees. But money in index funds and gold is included, and tax refugees don’t flee from the wealth tax when they’re all going to tax heavens.
The right complains about no nuances, but they’re the ones who wants to reverse the entire wealth tax introduced, except for the rightmost Frp who wants to abandon tax on property and cash that’s not invested. They also refused to negotiate a broad conciliation when the left invited them. They had the chance to avoid a banana republic where everything is unpredictable because introduced tax laws have a 50/50 chance of evaporating after every election. This is literally the biggest brag the centre-right Conservatives have.
The only centrists who have nuances are the ones not funded by the same billionaires as the right. Even the leader of the centrist liberals can’t make sense out of their tax policy when she assumes that they obviously must be in favour of inheritance tax, which they’re not.
And this tax has gotten all the attention, while no one talks about Ukraine, America, the EU or climate change.
Isn’t a land value tax a better version of a wealth tax? I’m not sure why it’s never proposed.
Kom igen, Norge. Ni är kloka nog att förstå att det behövs skatt för att vägar och sjukhus ska fungera, så varför inte fixa så att de som redan får mest pengar också bidra mer till just det de tjänar pengar på, dvs ert egna land. Det är upp till er att se till att ni, och era barn får det bra.
People who are a paycheck from homelessness defending the rich will always be hilarious.
There will never be enough to feed the greed
I really feel like that wealth tax thing is manufactured, mostly pushed by media. Most people don’t vote right wing parties because of wealth tax… never heard a single person talk about wealth tax irl, heard them complain about a lot of other things though. Like too much bureaucracy, government spending, immigration, price increases etc…
As a Dutch person this all sounds vaguely familiar.
Where have I heard people complaining about high wealth taxes when they themselves are not benefitting from it at all and screwing over everyone who isn’t Bill Gates by denying them affordable housing and directly ruining the country’s economy.
Really can’t quite put my finger on it…
Obviously, Trump-admiring influencers are against the tax.
That’s all you need to know about the (im)moral ground of this position.
Another astroturfing campaign by selfish cunts who can never have enough.
Scrap one of the rare tax who barely affect the living standard of the concerned citizens.
Thanks, liberal propaganda.
IMO we need a single coherent global (or at least a EU/EEA) wealth tax.
It should be gross assets-based (i.e. no deduction for debt), have a low-ish tax rate (since there is no deduction for debt) to start but be progressive, and have a reasonably high floor to target only the richest (e.g. EUR 1/2/5 million).
It could be allowed to be deducted/offset wholly or partially against other taxes on assets such as dividend or withholding taxes, capital gains taxes and property taxes.