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> more than they already currently do So aren't you saying that we shouldn't even try to tax their income, because they'll find a way to avoid paying income ta

> more than they already currently do So aren't you saying that we shouldn't even try to tax their income, because they'll find a way to avoid paying income tax? Should the government just give up and only tax the poor, who can't afford to pay people to find these clever schemes? > moving wealth overseas I actually think that a wealth tax, for practical reasons, needs to be agreed across all major democracies, like the recent global minimum corporation tax. If any country tries to compete by offering a lower tax for billionaires, then the billionaires who live there should be sanctioned (or the country itself).

slater 5y ago
> So aren't you saying that we shouldn't even try to tax their income, because they'll find a way to avoid paying income tax? Should the government just give up and only tax the poor, who can't afford to pay people to find these clever schemes That appears to be the status quo as-is, at least in the US? Thanks to the "herp derp don't tax me!!" republicans in power at various times, the US now has a dwindling middle class with ever-less money, a burgeoning lower class who by very definition have no money, and wealthy folks who can afford good accounts. > I actually think that a wealth tax, for practical reasons, needs to be agreed across all major democracies Good luck with that. Just look at how corporations fought the global 15% minimum tax tooth-and-nail over the past few years.