After the rate hikes in 2022, capital flight exceeded the additional revenue raised by the higher rates. And Norway had incentivised local governments to have a stake in the wealth tax which aided in the responsibility of the tax, something I haven’t read France propose.

Ah, you’re one of the morons who thinks a billionaire has a bank account filled with $1,000,000,000, just sitting idly, waiting to be added back into the economy by the government.

Good luck France, here’s hoping you’re the ONE country who can successfully institute a wealth tax.

“There’s been plenty of historical examples where taxing the wealthy has worked”. And yet they literally tried it IN FRANCE and it didn’t work, France is literally the example used for capital flight.

What a lazy rebuttle, “you’re doing the work of billionaires”, lazy and without substance. But if you require a pledge of allegiance to the lower classes before I can talk tax: Idgaf if France decides to wealth tax every dime until billionaires earn $20 an hour. There you go.

Wealth taxes are extremely hard to implement. You’re hand waving off-shore holdings like, “nations can enforce tax”. Tell that to Ireland. Not to mention the costs involved with determining “wealth”.

A wealth tax sounds lovely and appeals to voters, but it historically just doesn’t fly. A VAT on luxury goods is way easier, cheaper, less risky, and achieves a lot of the same goals. It’s just a lot harder to sell to mugs like you.

France tried this is the late 80s, 10-12,000 millionaires left and it lost money overall so they scrapped it. A wealth tax doesn’t work in Europe where it’s so easy to leave.

But my understanding is France is already pretty tax heavy, so I don’t know of a better tax revenue solution.

Proving our place in the cosmos already HAS extraordinary evidence. Our continued existence (and witness to that) IS the evidence. No one bar solipsists doubt that humans exist.