(Don’t take this map too seriously, I found it on another social media, not an academic paper).
this post was submitted on 16 Jul 2025
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Data is Beautiful
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Tax wealth, not work.
Wealth is partly exploited work.
Behind every fortune there's a theft
That’s bad math.
Is it though? What is wealth made up of?
Assets is one thing. So you inherit a castle that keeps increasing in value.
Tax wealth not work is a slogan in the UK right now from Gary Stephenson of Gary’s Economics.
That castle was built from corporate profits that almost certainly came in part from severely under-compensating employees.
Which are now long dead. So we tax the wealth that is the castles value.
I was referring to the castle metaphorically, as if it were any large purchase by a Sociopathic Oligarch. Substitute mansion or yacht for castle.
And we should tax all forms of revenues for the wealthy, including income, investment, capital gains, inheritance, etc.
And we should tax the shit out of churches.
Ah see I was talking like a King inheriting a castle.
There's a difference between workers and work. I don't own the work I produce for my boss.
Unless it fucks up amirite lmao
No, but that work should be generating profit, and almost every employee should share in a higher percentage of those profits. Those at the top just make sure the profit increases, they don't actually earn it, yet they get the far higher share. It's the workers who actually create the profit, and they should be compensated with a much higher percentage of those profits.
Of course, that means lower profits for the company, but if employees are getting fairly compensated, then they will have more buying power, and corporations will make up the difference in lower profit margins with increased sales volume from workers with expendable income.
Taxing the wealth would be repeating history and policy mistakes. They already tried since decades ago. They all abolished it because it doesn't work. It's 1) difficult to execute and 2) impossible to calculate.
Sounds like a bunch of lame, unsupported excuses to me. Tax them hard!
And if they want to leave, let them leave. America is the primary market everybody wants. If you want to move your company to avoid paying taxes, go ahead, but your access to the American market will end, and the government will confiscate ALL your American assets. Good luck making the same profit in the rest of the world.
And tax churches, too.
Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, the Netherlands, Luxembourg, and Sweden have all repealed them. Wealth taxes survive only in Norway, Spain, and Switzerland.
I'm unsure how America specifically is relevant here.
You can call it unsupported, but the economics literature would just call you uninformed.
We do have some forms of wealth taxing, for example land or building ownership. Home leasing is the one of the few surviving methods of wealth taxing because the rent numbers are clear even over time.
I'm confused, what does America have to do with anything?
America is the default country on the internet. Whenever somebody makes a country-specific comment on the internet, you can assume they're from the US, because they're the only one imagining that they're the only relevant country in the world.
This post is highlighting the tax rates of European countries, which are them supposed to be compared with the extremely low AMERICAN tax rates.
They're not tax rates, they're people's opinions about tax rates