Switzerland on Sunday overwhelmingly rejected a proposed 50% tax on inherited fortunes of 50 million Swiss francs ($62 million) or more, with over 78% of voters voting against the measure—an even stronger rejection than polls had projected.
The initiative, put forward by the youth wing of the leftist Social Democrats (JUSOs), sought to fund climate change mitigation projects, arguing that “the super rich inherit billions, we inherit crises.” Their push
