SleepyHobo t1_jdybwen wrote
Reply to comment by mowotlarx in New Yorkers overwhelmingly support bail changes ahead of state budget deadline: Poll by Grass8989
Before you start spouting hyperboles and crap you have no idea of what you're talking about. Try educating yourself.
https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth
Europe tried a wealth tax. It didn't work and that's why only 3 European countries still have one. They share the same problem we have. Millionaires can just move to another state (or country in Europe).
France lost billions of dollars in potential tax revenue and the average family impacted by the tax paid a paltry sum of around 2,000 euros.
mdervin t1_jdyqa1l wrote
>France lost billions of dollars in potential tax revenue and the average family impacted by the tax paid a paltry sum of around 2,000 euros.
Does that make sense to you? You really think that a Billionaire is going to uproot his and his family's life for a 2K tax increase? I mean you can't even get a used Toyota corolla for 2k.
[deleted] t1_je03ksy wrote
You misunderstand their point. Assuming everything they said is accurate, the fact that the average tax is 2K is because those who would have been taxed higher already moved and were thus excluded from the tax.
With that being said I'm skeptical the average tax was 2K, because even a handful of ultrawealthy who stay would really distort the average. My guess is that they meant "most families would paid the tax paid only 2K"
SleepyHobo t1_jdyror7 wrote
> average
psychothumbs t1_jdzvoed wrote
The wealth tax worked fine, it was just abolished when a right wing government came to power.
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