A wealth tax is undoubtedly a matter of social justice, allowing the Government to further fund public services and invest in a secure future for everyone. Critics often argue that wealth taxes are a relic of the past, but we must look at our neighbours who successfully utilise this tool. Countries like Spain, Norway, and Switzerland maintain recurrent wealth taxes today. While assets are mobile, research shows that migration responses to wealth taxes are small relative to the potential revenue. A wealth tax is better understood as a surtax reflecting the "additional taxable capacity" and unique utility — security, power, and influence — that comes with owning vast assets.

Source: Irish Examiner January 23, 2026 02:30 UTC