You should try visiting Scandinavian countries. While being ultra rich isn’t disallowed, it’s so heavily taxed that ultra rich end up providing more for the welfare than any other group.
Not true at all. Sweden has worse wealth equality than the US. Sure we have high income taxes, but basically no wealth or inheritance taxes. The only reason social democracy ever took off in Scandinavia was due to the fear of the nearby Soviet Union. The moment the Soviet Union collapsed all the countries of Scandinavia started dismantling the welfare and privatising.
You should try visiting Scandinavian countries. While being ultra rich isn’t disallowed, it’s so heavily taxed that ultra rich end up providing more for the welfare than any other group.
… that is until they move out to Switzerland.
Not true at all. Sweden has worse wealth equality than the US. Sure we have high income taxes, but basically no wealth or inheritance taxes. The only reason social democracy ever took off in Scandinavia was due to the fear of the nearby Soviet Union. The moment the Soviet Union collapsed all the countries of Scandinavia started dismantling the welfare and privatising.
An inconvenient truth is that life was a lot better for the working class in a lot of countries before the Soviet Union fell.
My buddy is in Switzerland doing his phD. He says col there is hella expensive. Do they have a tiny tax rate?
Oh no Switzerland is in shamble 😰