3 ms·
Eventually high income producers are going to have to emigrate to countries that are more respectful of their privacy and private property rights. Western demo
by CryptoPunk 9y ago
Eventually high income producers are going to have to emigrate to countries that are more respectful of their privacy and private property rights.
Western democracies are going to get increasingly authoritarian, as voters, the majority of whom favour social democratic policies, call for increasingly harsher laws against privacy and tax avoidance, in reaction to the inevitable stories of individuals and corporations attempting to avoid the tax burden placed on them.
We've gone from a tax rate of less than 10% on the top income tax bracket, with the first income tax passed in 1799 to support Great Britain's war against France, to today, where in many countries 50% of people's income is taxed during peacetime.