5 ms·

Someone should make one for the various countries: "Is is a Ponzi? A framework for evaluating pension schemes".

• danuker 4y ago
  We'll find out soon enough, as young taxpayers renounce their citizenships and move away.
  • arcticbull 4y ago
    This is not an issue for America of course as folks who move away without renouncing will continue to owe taxes to Uncle Sam for the rest of their natural lives and if they do renounce, they have to pay taxes on all of their assets as though they disposed of them at the time of renunciation - plus paying a significant fee.
    • 1270018080 4y ago
      An aside, I believe you only pay an exit tax if you have more than $2 million in assets.
      • soco 4y ago
        It could be funny if it wasn't sad, how worried some seem to be with how bad those people miles above their tax bracket are hit by taxes. I would have expected the "tax the rich" slogan had more popularity but no... so they either consider themselves in that rich group, or think they're gonna get there soon (hello ponzi). I can't figure any other explanation, maybe a few millions make you a philanthropist saint deserving a special untouchable statute?