Studie: Länder können durch Nachahmung der spanischen Vermögenssteuer 2 Billionen Dollar einnehmen
Countries can raise $2 trillion by copying Spain’s wealth tax, study finds
Studie: Länder können durch Nachahmung der spanischen Vermögenssteuer 2 Billionen Dollar einnehmen
Countries can raise $2 trillion by copying Spain’s wealth tax, study finds
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Countries can raise $2.1 trillion a year by following the example of Spain’s successful wealth tax on the 0.5% richest households – that’s double the amount needed annually for developing countries’ external climate finance, expected to be at the centre of COP29 negotiations this year.
Following the example of Spain’s “featherlight” wealth tax on the 0.5% richest households would see countries raise $2.1 trillion a year globally
Evidence shows tax reforms targeting extreme wealth have not resulted in the superrich relocating to other countries
On average, just 3% of each country’s wealth is owned by half its population, while its richest 0.5% own a quarter
Extreme wealth is making economies insecure and is directly linked to people having to spend more than they bring in
[https://www.npr.org/sections/money/2019/02/26/698057356/if-a-wealth-tax-is-such-a-good-idea-why-did-europe-kill-theirs](https://www.npr.org/sections/money/2019/02/26/698057356/if-a-wealth-tax-is-such-a-good-idea-why-did-europe-kill-theirs)
I’m not going to defend or prop up the super rich. IMO, they benefit from a system that is rigged in their favor where wealth begets wealth. The solution to this is to un-rig the system though. Wealth taxes have a long history of not working and doing far more damage than good.
The last thing we want is some global effort to scramble the global financial markets as the ultra rich carry out shell games to hide assets or shield them from taxes. The losers there, as always, will be low and middle income earners.