4 ms·
This seems good, but an uncomfortable truth is that many diasporans (especially working class) are often tax averse to put it politely, meaning they dont want t
by wizwit999 5y ago
This seems good, but an uncomfortable truth is that many diasporans (especially working class) are often tax averse to put it politely, meaning they dont want to report their assets especially the money they send back home (which is part of why they send it back home). I assume with a solution like this, e.g. for people living in the US, you'd be mandated to collect SSN and report assets. That would increase their reported wealth in the US.
- ceejayoz 5y agoAssets? Or income?
- wizwit999 5y agoI'm speaking assets here. Income is a separate issue. E.g. if you send money with a remittance app, that might be tracked to your income but it's not part of your assets since no one (in the US) knows what went on with the money on the other end. This affects stuff like eligibility for Medicaid etc.