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Most of the poor pay 0% tax. A company is mostly just a collection of assets, and many of them can move their operations from one country to another if they're
by lulmerchant 9y ago
Most of the poor pay 0% tax. A company is mostly just a collection of assets, and many of them can move their operations from one country to another if they're motivated to do so, you can't just say "this company belongs to the US federal government". If you want capital to permanently leave the US, then start jailing executives anytime they structure a multinational company. If you'd like them to structure their companies in a way that benefits the US, then implement an internationally competitive tax structure.
- coldtea 9y ago>you can't just say "this company belongs to the US federal government". Actually you can, it's called nationalization, and has been used many times in the past. That said, you could just force their hand. Sure, they can "permanently leave the US", but if they value it as a market, you can hurt them with that (e.g. taxes on their stuff when they try to import it back).