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A comment on American Equity. Parent comment

Re:American Equity by santiagogo on Monday November 27, 2017 @06:09PM (#15792569)
Since a couple years back, we have a 1% tax on wealth in Colombia, which applies to anyone who has above approx. 330,000 USD in assets

I don't think it has disincentivated anybody from becoming less wealthy and/or working less. It just incentivizes tax evasion, but even that is not significant.

On the other hand, a large number of social programs have been built around this new tax. Anybody in the country could get cancer and would get free decent healthcare.

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Re:American Equity by kaybe on Monday November 27, 2017 @09:22PM (#15793734)
How much is a normal house in Colombia?
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Re:American Equity by santiagogo on Monday November 27, 2017 @11:26PM (#15794407)
It’s a big country, so it really depends a lot on which city you live in and and what you consider a normal house. It ranges from $20,000 USD for a rural house near a small town to $150,000 for a 2-3 bedroom apartment in Bogota which is the capital.
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