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>As the other poster said, how do you take real estate out of the country? Sell it. Or don't, it's their choice. At some point real estate holdings aren't wo
by xienze 8y ago
>As the other poster said, how do you take real estate out of the country?
Sell it. Or don't, it's their choice. At some point real estate holdings aren't worth it if your host country decides it's entitled to 95% of your wealth.
>Where are they going to go? Somalia? Other countries are going to tax them at least as much.
There will always be another first-world country more than willing to undercut other first-world countries for the opportunity to host wealthy citizens. It's the same principle that gets us to where we are today, with states competing against each other to give tax breaks to corporations to entice them to set up shop.
It's funny how there's no end to people complaining about how the wealthy always seem to get out of paying their "fair share" through loopholes, but THIS TIME, we've got a foolproof plan to redistribute their wealth that they can't weasel out of! Sure thing.
- magduf 8y agoWhat exactly are these people going to do to earn money in these new countries? We're not talking about idle billionaires here, we're talking about very high-earning people.