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That might be true if they couldn't move wealth outside the country. But a concern is that those with savings might move money out of the country to invest in
by ruggeri 4y ago
That might be true if they couldn't move wealth outside the country.
But a concern is that those with savings might move money out of the country to invest in jurisdictions with lower capital gains tax.
One view is that this tax jurisdiction forum-shopping creates a race to the bottom.
- snovv_crash 4y agoIt's the same for workers, they can just perform their labour outside of the country and they would create a much larger problem.