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The idea here is that it’s easy to find a safe, welcoming host nation with low taxes, and still be able to benefit from the functioning economies of the nations
by matthewdgreen 6y ago
The idea here is that it’s easy to find a safe, welcoming host nation with low taxes, and still be able to benefit from the functioning economies of the nations you left behind. However this is a pretty artificial system that only exists when there’s a lot of broadly-shared wealth and stability in the world. This kind of capital flight to the bottom is going to systematically undermine that stability. At the point where things start to seriously malfunction, nobody’s going to give a crap about a little bit of tax.
- Red_Leaves_Flyy 6y agoSeriously. When 10000 m/billionaires decide to flee the states they're going to have bigger problems to contend with. These people have spent so many decades ignoring the poor they won't know they're actually fucked until their mansion in Beverly hills is on fire.