Bernie Sanders and Elizabeth Warren want a wealth tax. Wealthy Swiss say their model could work for America.


Bernie Sanders and Elizabeth Warren see Switzerland's wealth tax as an inspiration for an equitable model of taxing the rich. America's current model taxes income tax on a sliding scale but rates in the U.S. are low compared to the rest of the world. The biggest obstacle is the negative public perception, even though it would only impact those who make more than $32 million. Experts advising Warren and Sanders say the highest amount of wealth per adult in the world exists in Switzerland, proving that taxing wealth instead of income tax does not negatively impact the ability to accumulate wealth.

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