Post by: AngelOfThyNight on February 17, 2019, 11:40:18 AM
Thirty years ago, there were 12 European countries that had a net wealth tax, a type of levy on personal net assets, which can include anything from investments to cars, jewelry, and collectibles. Today, only three of these countries continue to impose such a tax, which has often proven to be an ineffective way to generate revenue and redistribute wealth.
Source: A wealth tax is a bad idea (http://rss.cnn.com/~r/rss/cnn_topstories/~3/8GPvj92FhFA/index.html)