So 5% wealth tax would be the same as 100% income tax, 6% would de 120% AND 100% wealth tax would be the same as 2000% income tax.
I think some relevant factors are missing. What is the polite way of putting it... Ah right! You are a clown!
I think some relevant factors are missing. What is the polite way of putting it... Ah right! You are a clown!
We might also compare tax revenue. For the US 1% wealth tax (for the 0.1%) would generate 250ish billion while 1% income tax would also generate 250 b. Then say 50% worth of increased tax evasion. 2% wealth tax is equal to 1% income tax.