No, the millionaire tax is not “perfectly feasible”, says the Federal Planning Bureau after a jubilant message from PVDA. If everyone with a fortune of more than 1 million euros were to pay a wealth tax, this could theoretically generate up to 4.7 billion euros annually for the state treasury. But that does not mean that it can be introduced with the snap of a finger: what needs to happen before this could become a reality? And is such a rich tax actually a good thing?
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Wealth tax could theoretically raise up to 4.7 billion euros (but there are a lot of stumbling blocks)
