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Setting the numbers aside for a moment, a wealth tax would definitely have a large effect. It's a somewhat extreme measure by the standards of modern tax schem
by xiaoma 11y ago
Setting the numbers aside for a moment, a wealth tax would definitely have a large effect.
It's a somewhat extreme measure by the standards of modern tax schemes though, and it would cause a much higher number of super wealthy people to expatriate than just raising income and capital gains taxes would.