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> Attempting to solve problems with micro-targeted taxes is a rather unfair strategy that is also unlikely to work. This article claims that a private jet is <2
by growse 4y ago
> Attempting to solve problems with micro-targeted taxes is a rather unfair strategy that is also unlikely to work. This article claims that a private jet is <2 orders of magnitude worse than more conventional transport. That means their contribution contributes approximately 0% to the total pollution problem.
> The UK has a much bigger threat from energy security than they do from climate change. I've been watching their energy numbers on trusty old Wikipedia. They are grim. The UK does not need a policy of trying to load their problems onto wealthy people. If they leave and the UK loses the ability to build up a financial edge and the country will have nothing left.
Wealthy people have been "threatening to leave" for as long as I can remember.
Has it ever actually happened anywhere?
- docdeek 4y agoIt was happening in France, though the numbers were small - changes in the tax code to reduce/disappear the wealth tax seemed to impact the number of rich people leaving: > On the other hand, tax exile has slowed, the committee noted. Until 2017, the expatriation of individuals subject to the wealth tax was higher than their repatriation. Since 2018 and the implementation of the IFI, the trend has reversed: There were 380 returns against 220 departures in 2020 (470 versus 1,020 in 2016). "It's not a scientific causality, it involves small numbers, but it's a concomitance," Mr. Audenis said. https://www.lemonde.fr/en/politics/article/2022/10/24/the-abolition-of-france-s-wealth-tax-still-has-no-proven-effect-on-the-economy_6001505_5.html https://www.lemonde.fr/en/politics/article/2022/10/24/the-ab...
- growse 4y agoInteresting. I do remember something about some French people getting a bit uppetiy and moving to Belgium. Whether that had any actual measurable effect on the economy is the actual question though. I suspect not...