For a wealth tax economic

Global Gini rankings don't show fair distribution

International wealth-Gini comparisons are a poor guide to fairness: scores are compressed near the high end for almost every country, and nations that rank as more unequal (Denmark, Sweden, the Netherlands) do so largely because many households carry large debts and negative net worth, which mechanically inflates measured inequality. A middling rank is not evidence that a country distributes wealth fairly.

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Global Wealth Report — wealth-Gini comparisons and negative net worth UBS Global Wealth Report (formerly Credit Suisse) · 2023 · research
Cross-country wealth-Gini rankings are a poor measure of how fairly wealth is shared. Wealth is counted net of debt, so advanced economies with deep credit markets show large numbers of adults with negative net worth — Denmark has the highest average debt per adult (≈$114k) and the bottom 50% of households in countries such as Sweden hold a *negative* share of wealth. That mechanically inflates their measured wealth Gini, making nations with heavy household borrowing look "more unequal" than the UK without distributing wealth any more fairly. Wealth Ginis are also compressed near the high end for almost every country, so a middling global rank is not evidence that a country distributes wealth fairly.