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I agree, but the theory goes that eventually tax havens will disappear. Europe would probably adopt UBI along with us. So those lower rates would go away. China
by virmundi 11y ago
I agree, but the theory goes that eventually tax havens will disappear. Europe would probably adopt UBI along with us. So those lower rates would go away. China would do something similar or would be too scary for westerners to fully flee to. Right now many companies are fleeing to Europe for better corporate rates while their C level employees benefit from lower personal tax rates in the US.
- home_boi 11y agoOr some countries will take advantage of these fleeing westerners and keep their tax rates lower than the US
- virmundi 11y agoTrue. Then the US has to lower its rates or the low tax company has to increase due to social unrest. We see this with China. The rising wealth of the writing class is causing party increases. So large that work us coming back to the US or to other south Asian countries.
- randyrand 11y agoOr any enterprising country will keep their tax rates low and take all the manufacturing business. Go figure.