4 ms·
Wealthy people could also leave America
by sesuximo 6y ago
Wealthy people could also leave America
- sachdevap 6y agoThis is a big myth. Wealthy people are not going to just get up and leave America. Where do you think they would go?
- sesuximo 6y agoLook at france. It added a wealth tax. A year later, it made international news when a billionaire stayed! I think they would go quite literally everywhere.
- ralmidani 6y agoLast time I checked, America is still the best place for a millionaire to become a billionaire. Having arbitrary thresholds where people suddenly get taxed at obscene rates is, of course, foolish.
- taxtionistheft 6y agoDon't lie. They left. Read about Gerard Depardieu and many other rich people who left the country.
- sesuximo 6y agoI think you misunderstood what I meant— almost all of them left except one which was newsworthy
- ralmidani 6y agoI agree this would be a challenge, but you can limit the percentage of a person's wealth that can be transferred out of the country. It won't be easy, but I still think taxing wealth (or a wealth tax combined with lighter income taxation) would be much more equitable than our current system.
- munificent 6y agoSo you're saying we get to keep all of the beautiful natural resources and culture of the country, but the handful of billionaires exploiting it and its people go elsewhere and take their shitty morals with them, leaving a country with reduced economic inequality? I'm sold.