There is plenty of academic research looking at various wealth tax initiatives in other countries. We should learn from these, including the experience in Switzerland and Sweden. You can pack your bags and bank accounts and move to a low-tax country, but you can’t move your mansion overlooking Sydney Harbour. But we also need to recognise that we already do this, albeit rather subtly, and most of us are not billionaires. Even then, those gains may not be paid out ...
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