submitted by /u/denizorhan [visit reddit] [comments ..read more

This article explains that taxation reforms are the solution to closing the Black racial wealth gap. Most analyses of the racial wealth gap, and most policy agendas to close the disparity, focus on the median household. And for good reason: The median captures the experience of the typical person, for whom housing and education costs are major factors in wealth accumulation. But as the data above demonstrate, closing the median racial disparity in wealth is not the whole task. Darity and Mullen use the total racial wealth gap as their measure of the contemporary economic disparity between Bl ..read more

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I wasn't aware that many Swiss regions levied a wealth tax. It seems that the tax is broad enough to apply to wealth as low as 50k CHF, or even down to 1 CHF. What are some of the practical implications of this wealth tax from the perspective of evasion and avoidance? I'm curious about everything from concealing assets in foreign locations, to how total wealth is practically audited by the authorities (is income or spending used to help approximate what the wealth gain SHOULD be in a period?l, to, of course, how the super wealthy manage their district of residence, or when they simply choose ..read more

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