# One of the world’s richest countries has taxed personal wealth for over a century—while also adding more millionaires

- Source: Fortune
- Published: 2026-10-26T18:29:46+00:00
- Category: Business
- Original: https://fortune.com/2026/10/26/wealth-tax-rates-switzerland-california-prop-40-billionaires-us-debt-deficit-elizabeth-warren-bernie-sanders/
- Canonical: https://groundlevelnews.com/story/one-of-the-world-s-richest-countries-has-taxed-personal-wealth-for-ove-5ddd78/

In Zurich, someone with $1 billion in net worth faces a wealth tax with an effective rate of 0.7%.

_Ground Level News shows a short summary only; the full article and all rights belong to Fortune._