News for hackers. Stuff that matters.
Re:Google Cuts Jobs in Engineering and Other Divisions by Matumio on Thursday January 11, 2024 @04:21PM (#38959263)
Yes there is a wealth tax in Switzerland, but... it would have to be much higher to make a difference. Raising it will not pass a referendum, which it practically has to in Switzerland. It has one big advantage, though: official numbers about wealth distribution.

I think micro taxation on all transactions (including at ATMs) would work better. Easier to explain, harder to avoid since you tax both sides of each transaction.

Re:Google Cuts Jobs in Engineering and Other Divisions by wh0knows on Thursday January 11, 2024 @07:56PM (#38962032)
Aren’t these taxations generally regressive given poor people spend ~100% of their income and ultra rich people spend <1%. So you’re taxing the poor person on all of their money but barely taxing the rich person.
Re:Google Cuts Jobs in Engineering and Other Divisions by Panzer04 on Thursday January 11, 2024 @05:47PM (#38960560)
This is what a GST/VAT is, but far less disruptive. Taxing transactions that don't actually exchange ownership would be bonkers.