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Tax the rich the rich flee to Europe. Economy 101

• michaelbrave 4y ago
  Countries are for the most part better without them. Any country that is willing to bend to the wills of a powerful minority (the obscenly wealthy) is just performing corruption or a kind of nobility with extra steps.
  • nxm 4y ago
    Evidence of how they’re mostly better with wealth flowing out?
• fsociety 4y ago
  Tax the ultra wealthy on the way out then. This country deserves better.
• qiskit 4y ago
  > Tax the rich the rich flee to Europe. Good. Maybe putin will take care of them there. > Economy 101 Economics 101. The rich disappear. Nobody will notice. The working class disappears, the economy collapses.
• wolverine876 4y ago
  That's what the anti-tax people often say but it's not economics 101; it's rhetoric 101 - say what sounds plausible with a lot of confidence. The economics: First, people choose their locations based on many, many factors, including familiarity, investments, network, services, family, and, most of all, intertia - people generally don't move unless they have a strong motivation; generations stay in the same place. Second, many people prefer to live in communities that invest in themselves and their people. Finally, European countries generally don't have a lower tax burden.