The US has a wealth tax that predominantly affects the middle class - property taxes. In some states, like mine, it can be 10K+ a year for a typical home!
It doesn't really discourage people from building their wealth and buying homes. It does a tiny bit - I've heard people say they rent to avoid property taxes. But barely.
So, if the middle class who do not have a lot of wealth can deal with it, I would imagine the wealthy can, too. Or, maybe they can't, because they have so much more mobility.
It doesn't really discourage people from building their wealth and buying homes. It does a tiny bit - I've heard people say they rent to avoid property taxes. But barely.
So, if the middle class who do not have a lot of wealth can deal with it, I would imagine the wealthy can, too. Or, maybe they can't, because they have so much more mobility.