314
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Sep 2023
314 points (90.7% liked)
Socialism
5141 readers
2 users here now
Rules TBD.
founded 5 years ago
MODERATORS
South Korea has a 50% heritage tax - and it applies, as far as I'm aware, to everything. Causes and absolute havoc when billionaires die and the companies need to be broken up, but ultimately it seems to work
Samsung being 20% of SK's economy makes me doubt the efficacy of this particular strategy
A society literally dominated by chaebols.. The system doesn't work well ๐