Governments say they can't tax the super wealthy more because they'll just leave the country but has any first world country tried it in the last 50 years?

[u/Discontitulated]

It would be interesting to see how raising taxes on the super wealthy actually affected a first world country's tax revenue and economy.

Are our first world economies really so fragile the rely on the super wealthy and their meager tax revenue?

[u/Gh0stMan0nThird]

That's how Alaska is in the US. No income taxes because they have so much money from oil.

[u/Beebeeb → u/Gh0stMan0nThird]

Alaska does have pretty high property taxes which is too bad because it's punishing the people that live there and not the people that come to work and then leave when the weather gets bad.

As far as I know we give the oil companies a lot of kick backs too, I wish we taxed them like Norway.

[u/Ivegtabdflingbouthis → u/Beebeeb]

it would probably be fairer if there was a separate property tax rate for permanent residents. because people who own properties for the transients are getting hit with that higher tax rate too, as they should

[u/Ivegtabdflingbouthis → u/[deleted]]

either way, they aren't permanent residents of the state, they're there to benefit from seasonal employment opportunities, so why shouldn't the state benefit from both them and the property owners who rent to them.

[u/Ivegtabdflingbouthis → u/[deleted]]

you seem to be missing my point... the person said alaska has absurdly high property taxes which primarily hurt the people who are there year round.

Seasonal workers have no invested interest in the state, while permanent residents contribute to the economy year round. A tax break for the people who are there all year, instead of showing up for a few months to make good money and then bail.

Not sure why you brought canada up because I was speaking directly to the point made by the alaska person.

another thing... why do you people always have to try to project and imply some kind of racist narrative. Jesus christ

[u/YourMom-DotDotCom → u/[deleted]]

There is no State tax on property in Alaska. The person you were replying to is either lying or incredibly misinformed.

[u/YourMom-DotDotCom → u/Ivegtabdflingbouthis]

There is no State tax on property in Alaska. The person you were replying to is either lying or incredibly misinformed.

[u/YourMom-DotDotCom → u/Ivegtabdflingbouthis]

There is no State tax on property in Alaska. The person you were replying to is either lying or incredibly misinformed.

[u/Ok_Letter_9284 → u/Beebeeb]

Renters pay property tax. They do it via their rent. Only a moron landlord wouldn’t account for taxes in their rent.

[u/guitar_stonks → u/Beebeeb]

But hey, the state cuts you a check every year /s

[u/dubforty2 → u/Beebeeb]

Only some of the borough’s have property tax. I live in a completely unincorporated location and pay zero in property taxes. Ain’t no building codes either! I can build and do whatever the heck I want on my property.

[u/Ataraxia_Eterna → u/Beebeeb]

We seriously need to build more houses 🥲

[u/Davido201 → u/Beebeeb]

Actually, Alaska actually pays people to live there. You get an annual stipend from the government.

[u/Beebeeb → u/Davido201]

I know it! I've gotten my PFD for a few years now.

[u/dcrico20 → u/Beebeeb]

Is there not a Homestead Exemption there? In a lot of states you can get a pretty big property tax break on the property that is your primary residence specifically for the reasons you’re talking about.

[u/Beebeeb → u/dcrico20]

I hadn't heard of that so I'm looking it up (I rent personally, so not intimately familiar with the property taxes) it says the exemption is on a property that does not exceed 54,000 in value. So does that mean they exempt part of the value? Most homes are a bit more expensive than that in my area.

[u/dcrico20 → u/Beebeeb]

I can’t say for sure because I don’t live there, but it’s worth looking into. A realtor would likely be able to let you know if you know of any.

[u/stands2reason69420 → u/Gh0stMan0nThird]

Alaska has corporate income tax.

[u/Old_Palpitation_6535 → u/Gh0stMan0nThird]

Alaska also gives out a Permanent Fund Dividend to pay people for living there.

[u/Lopsided-roofer → u/Gh0stMan0nThird]

Many states have no income tax. None did before the 1920s.