Swiss voters on Sunday decisively rejected a call to require women to do national service in the military, civil protection teams or other forms, as all men must do already.
Official results. with counting still ongoing in some areas after a referendum, showed that more than half of Switzerland’s cantons, or states, had rejected the “citizen service initiative” by wide margins. That meant it was defeated, because proposals need a majority of both voters and cantons to pass.
Voters also heavily rejected a separate proposal to impose a new national tax on individual donations or inheritances of more than 50 million francs ($62 million), with the revenues to be used to fight the impact of climate change and help Switzerland meet its ambitions to have net-zero greenhouse gas emissions by 2050.
This bullshit-argument again.
Guess what, money will circle around the economy and it will be taxed on different occasions and often several times during its lifespan (whatever that means for todays mostly digital money anyways). Especially when things (or money) change owners, tax is to be expected.
When you got paid, you paid income tax, and when you buy stuff with it - oh my gosh! - taxes again!! (In the form of VAT) Outrageous!
This is such a common thing, that it simply baffles me how anyone could think that “that money has been taxed already” is a sound argument.
You don’t pay VAT/GST on the money, you pay it on the product’s price (and you can avoid it if the receiptent agrees to get paid in cash and don’t show it in the books). For assets, you are buying it with your money that you have already earnd that has been already taxed. You also have to pay a stamp duty to the government when you buy any asset, you pay registration fees, you pay all the property & Municipal taxes and when you sell it, you will be paying a capital gains tax anyways, so what’s the point of charging an inheritance tax?
Simple question to you: My networth is just 100k USD, I inherited 500k USD (current market value) house from my parents, and the inheritance tax is at 20%, wouldn’t I lose all my existing money and assets I for something that is just worth 500k USD as an unliquid asset? To sell that house you will have to find a buyer which is not an easy or cost-free task. If the house doesn’t sell, you will be paying property taxes anyways, and once you sell it, you will pay the capital gains tax as well so what’s the point of inheritance tax?
What I think is a better solution: Define a certain threshold where the value of inheritance is above a level where the person inheriting becomes wealthy beyond their and their family’s actual needs, and distribute that wealth among the lower income people in the form of permanent housing.