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Taxing the super-rich is rife with problems. They will find other ways to avoid taxes. The only tax that makes sense to me is a sales tax on luxury goods. Let t
by fragsworth 15y ago
Taxing the super-rich is rife with problems. They will find other ways to avoid taxes. The only tax that makes sense to me is a sales tax on luxury goods. Let them keep their money however long they want. It doesn't affect anyone: until they buy that yacht that takes 100 man years of labor to make. Charge big taxes on those yachts, etc.
- neworbit 15y agoWhy wouldn't they then lease it, or have it owned by some foreign entity not subject to local/national taxes, or have an exemption lobbied into existence for this particular yacht? Cargo ships get flagged Panama or Liberia for roughly this sort of tax-dodge reason, I would think luxury craft would fare the same...