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Rich people tend to have asset outside their home country. Those assets tend to be hard to do things with. Poor people have all their assets inside their count
by MR4D 8y ago
Rich people tend to have asset outside their home country. Those assets tend to be hard to do things with.
Poor people have all their assets inside their country.
This is why poor people are more affected.
As an example, think of a person who owns a building in another country. Kinda hard to tax. Especially if you don’t know it exists.