4 ms·

In Europe is far worse. In Italy I believe that 60% is the minimum, with two caveats: - there is a huge problem of tax evasion, in the sense that a big portion

by jiiam 10y ago

In Europe is far worse. In Italy I believe that 60% is the minimum, with two caveats: - there is a huge problem of tax evasion, in the sense that a big portion of the middle-high income professionals declare only a small fraction of their earning - the health system is public We could argue for hours about whether it's right or not to increase taxes on the richer, but truth is that there is a natural balance that occurs when the tax rate is so high that people prefer to ask Putin for a citizenship. I believe that with these numbers, California might have a problem.

zajd 10y ago
> there is a natural balance that occurs when the tax rate is so high that people prefer to ask Putin for a citizenship [citation needed]
- asf3205984 10y ago
  here you go: http://www.theguardian.com/world/2013/jan/03/putin-grants-gerard-depardieu-citizenship http://www.theguardian.com/world/2013/jan/03/putin-grants-ge... But you might say, well that's only one guy, who cares. So here's a couple more, but if you just google "the rich flee EU" or similar all will be revealed. http://www.france24.com/en/20150808-france-wealthy-flee-high-taxes-les-echos-figures http://www.france24.com/en/20150808-france-wealthy-flee-high... http://www.thelocal.fr/20141229/france-75-percent-super-tax-rich-scrapped-damage http://www.thelocal.fr/20141229/france-75-percent-super-tax-... In a lot of EU countries taxes get rally high really quickly (>50%), but there's not much you're getting back in any kind of service so, no one in the right state of mind is going to pay that, not even the ones setting those taxes. Need a life saving heart surgery? Sure, in 6-12 months, just wait in line like everybody else irrespective of how much in taxes you paid. Want you're kid to go to a good school? Well, there's the shit public schools they can go to paid for with your taxes. Want your kid to go to a good college in another country? Well, the government already took away most of what you earned so bad luck, you don't have enough left to make choices like that, just use the shitty public ones you paid for... etc.

by jiiam 10y ago

zajd 10y ago

> there is a natural balance that occurs when the tax rate is so high that people prefer to ask Putin for a citizenship [citation needed]

asf3205984 10y ago
here you go: http://www.theguardian.com/world/2013/jan/03/putin-grants-gerard-depardieu-citizenship http://www.theguardian.com/world/2013/jan/03/putin-grants-ge... But you might say, well that's only one guy, who cares. So here's a couple more, but if you just google "the rich flee EU" or similar all will be revealed. http://www.france24.com/en/20150808-france-wealthy-flee-high-taxes-les-echos-figures http://www.france24.com/en/20150808-france-wealthy-flee-high... http://www.thelocal.fr/20141229/france-75-percent-super-tax-rich-scrapped-damage http://www.thelocal.fr/20141229/france-75-percent-super-tax-... In a lot of EU countries taxes get rally high really quickly (>50%), but there's not much you're getting back in any kind of service so, no one in the right state of mind is going to pay that, not even the ones setting those taxes. Need a life saving heart surgery? Sure, in 6-12 months, just wait in line like everybody else irrespective of how much in taxes you paid. Want you're kid to go to a good school? Well, there's the shit public schools they can go to paid for with your taxes. Want your kid to go to a good college in another country? Well, the government already took away most of what you earned so bad luck, you don't have enough left to make choices like that, just use the shitty public ones you paid for... etc.