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Political Discussion
Reply to "California's Wealth Tax"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Switzerland has Cantonal-level wealth taxes that bite quite low (around 50K-200K taxable net worth after deductions). This translates to about 50% of the population paying wealth taxes each year. https://thepoorswiss.com/wealth-tax/ No one is arguing that Switzerland is bad for business. [/quote] Switzerland also keeps out nearly all immigrants, and had a total population that is not much more than the population of Los Angeles. They also don’t have a startup culture and new groundshaking companies almost never come out of Switzerland. Ludicrous comparison, made by someone with no understanding of economics.[/quote] 40% of the Swiss population is foreign born (vs. 16% in the US). Switzerland is highly reliant on immigrant labor, both skilled and unskilled. [/quote]
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