You pay a higher percentage of your net worth in taxes than most billionaires do. This Danish millionaire wants that to change.
," millionaire Danish entrepreneur Djaffar Shalchi discussed why he's an advocate for wealth taxes.
Shalchi's mother told her children that in Denmark,"you can do whatever you want to do," because of the free education, social support benefits, and health care provided by that welfare system. He took his mother at her word, studying to become a building engineer and starting his own real estate development business."We really have the American dream in Scandinavia," Shalchi laughed.
As a millionaire many times over, Shalchi has a very high tax bill."I pay more than 50%" of his annual earnings to Denmark in an average year, he admits, and depending on how good a year he's had,"I can go as high as something like 70%." "That's why we are always among the top 10 in the world when happiness reports come out every year," Shalchi said. High-tax Scandinavian countries are always competing with each other toSo what kind of tax structure would we need to build a happier, more equitable America?
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