Posted on 11/30/2025 6:04:45 AM PST by Oldeconomybuyer
ZURICH, Nov 30 (Reuters) - Switzerland on Sunday clearly rejected a proposed 50% tax on inherited fortunes of 50 million Swiss francs ($62 million) or more, public broadcaster SRF said in a first results estimate, with an expected 79% of votes against the plan.
The proposal from the youth wing of the leftist Social Democrats, or JUSOs, aimed to fund projects to reduce the impact of climate change, was widely expected to fail, with over two-thirds of respondents against the proposed tax in recent polls.
Bankers have watched the vote closely, casting it as a litmus test of appetite for wealth redistribution in Switzerland, as other countries, like Norway, have beefed up their wealth tax or debated similar moves.
Switzerland is home to some of the most expensive cities on the planet and anxiety about the cost of living has been gaining currency in local politics.
(Excerpt) Read more at uk.finance.yahoo.com ...
“...aimed to fund projects to reduce the impact of climate change...”
Aimed to line their pockets is more likely................
Wonder if this vote was rigged...
If this were the US, several judges would nullify the vote outcome and impose the tax.
That’s what happens when a majority of the voters are rich!
Ausgezeichnet!
Once you open the door to confiscating half the wealth of the super rich, they will then seize half of the wealth of the merely rich, and then half of the middle class’s...
“...aimed to fund projects to reduce the impact of climate change...”
I see they don’t even claim they can fix it now.
They know it’s really a Trickle Down Tax ,LOL
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