Such a wealth tax existed in Nordic countries in the late 20th century, at least.
Wealth taxes in Sweden and Finland were eliminated around 2005 because capital gains tax was considered more equitable to various wealth classes and more easily administrated. The wealth tax laws had become a nest of loopholes that brought in relatively little income in the end.
It would be interesting to see a new wealth tax designed for the digital era.
Wealth taxes in Sweden and Finland were eliminated around 2005 because capital gains tax was considered more equitable to various wealth classes and more easily administrated. The wealth tax laws had become a nest of loopholes that brought in relatively little income in the end.
It would be interesting to see a new wealth tax designed for the digital era.