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On the other hand, the wealth tax is not the same across the country and definitely there is evidence of wealthy people choosing their residence accordingly.
by kgwgk 6y ago
On the other hand, the wealth tax is not the same across the country and definitely there is evidence of wealthy people choosing their residence accordingly.
- kazinator 6y agoCould it be that there is some separation between the concepts of "residence" and "wealth cache"? As in, you can reside where it is nice to reside, and park your wealth where it is nice to park your wealth? The truly rich don't reside in any specific place; they summer here, winter there ...
- kgwgk 6y agoIf you reside (183 days per year is the rule of thumb) somewhere they’ll usually want to tax you. That may be an issue even within a country. Swiss cantons and US states often go to court regarding where some particular person should pay taxes.
- francisofascii 6y agoWhich is a good reason to only tax natural resource wealth, rather than all assets. You can't move a private beach or a n oil reserve from one country to another. It also is a fairer way to tax, since natural resources are not wealth created.