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>taxing the wealthiest to share with everyone results in the wealthiest having less than they would otherwise No taxing the wealthiest results in the wealthies
by blackflame7000 7y ago
>taxing the wealthiest to share with everyone results in the wealthiest having less than they would otherwise
No taxing the wealthiest results in the wealthiest moving their capital investments elsewhere.
- Rury 7y agoIf that's the case, then why don't we see capital always rushing to countries that have the lowest tax rates? Last I checked Japan has lots of capital investment, a large economy, a substantial wealthy class, and yet a high tax rate...
- dTal 7y agoThis seems like an easily solvable problem, frankly. Gazillionaires don't tend to want to live in the tax havens they store their gazillions in because (surprise) they tend to be shitholes. So you just tax the movement of money in and out of the country - money is pointless if you can't spend it. The reason this isn't done isn't because it's hard, it's because the foxes are running the chicken coop.