Increased government revenue from a wealth tax could be used to promote public investment in services like education, basic science research, and transportation infrastructure, which in turn improve economic efficiency.
en.wikipedia.org Thus, for the largest segment of people subject to the wealth tax, it means taxing the accumulated savings and houses of those on the verge of retiring.
en.wikipedia.org Our discussion has shown that economically, the wealth tax walks on thin ice.
www.cato.org As a consequence of basic deduction in combination with gentle assessment rules, especially of housing, the wealth tax is of little importance to most tax-paying households.
en.wikipedia.org Because a net wealth tax can be the equivalent of an annual tax on imputed income, the capital gains, estate and gift taxes are not necessary.
en.wikipedia.org