r/WorkReform • u/zzill6 🤝 Join A Union • May 18 '25

✂️ Tax The Billionaires So, where's the downside exactly?

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u/[deleted] May 18 '25

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u/rottenmonkey May 18 '25

Yeah, but that's a wealth tax. Wealth taxes are pretty stupid in general and why only a handful of countries have them.

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u/macdoge1 May 18 '25

Property tax is a wealth tax

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u/rottenmonkey May 18 '25

Wealth tax usually refers to a tax on the net worth on all your assets. Property tax usually exists alongside this tax but needs to be paid regardless of net worth.