Wealth Taxation

Wealth taxation is a government policy that levies taxes on the total value of a person's assets, such as property, stocks, and savings, rather than just their income. The goal is to reduce economic inequality by requiring wealthy individuals to contribute a fair share to public services and social programs. Typically, wealth taxes are targeted at the richest segments of society, with some countries implementing annual taxes based on net worth. This form of taxation aims to address disparities in wealth distribution and provide funding for essential services like education and healthcare.