Europe has multiple options to get rich people to pay more taxes

Experts say European governments are trying to tackle inequality and budget deficits by taxing the rich, but may find it invalid to directly impose a wealth tax. Because super-rich protect assets, such taxes usually generate little income. The International Monetary Fund and the OECD believe that alternatives such as capital gains tax, estate tax and tax haven exit fees are more fair and efficient. Despite debates between France and the UK, wealth taxes remain rare, with capital income usually taxing lower than labor, triggering calls for reform to ensure billionaires pay a fair share.