Comment on Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?
More progressive income taxes like a land value tax would be a great start.
I pay those. I have a plot of land and pay tax on it.
Any other suggestion?
You almost certainly do not unless you are incredibly wealthy and own multiple plots of land . Land Value Taxes are not the same as property tax.
That’s correct. My country does not observe it.
Most countries do not have a LVT because it would hurt the very wealthy as it is taxes on unused land not on your primary home.
qyron@sopuli.xyz 4 weeks ago
I pay those. I have a plot of land and pay tax on it.
Any other suggestion?
MothmanDelorian@lemmy.world 4 weeks ago
You almost certainly do not unless you are incredibly wealthy and own multiple plots of land . Land Value Taxes are not the same as property tax.
qyron@sopuli.xyz 4 weeks ago
That’s correct. My country does not observe it.
MothmanDelorian@lemmy.world 4 weeks ago
Most countries do not have a LVT because it would hurt the very wealthy as it is taxes on unused land not on your primary home.