A progressive tax scheme seems to work well for the UK.
I sometimes wonder if we’d be better off continuing those tax brackets until 99%, so that everything over some number, like €1M per year, becomes almost entirely tax. I don’t see much point in having people who own €20M. If €20M doesn’t make you happy, it’s probably time to start trying medication, rather than money.
The rest of the ‘how’ gets more fiddly. Every article on tax loopholes I read seems incomplete, so I guess a comprehensive tax system will take some work, with some very cynical and prepared people.
A progressive tax scheme seems to work well for the UK.
I sometimes wonder if we’d be better off continuing those tax brackets until 99%, so that everything over some number, like €1M per year, becomes almost entirely tax. I don’t see much point in having people who own €20M. If €20M doesn’t make you happy, it’s probably time to start trying medication, rather than money.
The rest of the ‘how’ gets more fiddly. Every article on tax loopholes I read seems incomplete, so I guess a comprehensive tax system will take some work, with some very cynical and prepared people.