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So you are blaming the countries that have reasonable laws and taxes? It's literally the meme of the guy putting a stick in his own wheel.

ChuckNorris89 3y ago
Most of Europe's amazing social security benefits are funded by taxes, pot which is shrinking. To combat rising wealth inequality, we need to tax the super wealthy who have vacuumed most of the worker productivity gains of the last decades, but we can't because they exclusively go to the jurisdiction where they have "special deals" where they pay next to no taxes. Europe can't keep having amazing social benefits if it starts an internal race to the bottom of who can give the best tax breaks to billionaires, and then the tax burden moves on to the already shrinking middle class.
- cpursley 3y ago
  The super wealthy will just leave Europe. And even if you took all their money, the math does not work - the taxes need to come from other sources. Or government spending cuts.
  - ChuckNorris89 3y ago
    >The super wealthy will just leave Europe. Again this FUD? That's just pro-super wealthy propaganda that hasn't been proven true because it has never been done because of this propaganda FUD that the elites will leave. Most of Europe's elite has their wealth in land. They can leave but they can't take the land with them. Europe can't function if member states engage in zero tax for the wealthy race to the bottom. Nobody wins but the wealthy elite. Not all countries are Monaco.
    - deleted 3y ago
      [deleted]
WastingMyTime89 3y ago
You can’t at the same time pretend to be an exporting country in a free market world and give billions of no string attached subsidies. That’s extreme market distortions not reasonable laws and taxes. Market distortions should be met with a strong answer from commercial partners. That’s what the US keeps saying China while themselves doing worse on nearly every points.

ChuckNorris89 3y ago

Most of Europe's amazing social security benefits are funded by taxes, pot which is shrinking. To combat rising wealth inequality, we need to tax the super wealthy who have vacuumed most of the worker productivity gains of the last decades, but we can't because they exclusively go to the jurisdiction where they have "special deals" where they pay next to no taxes. Europe can't keep having amazing social benefits if it starts an internal race to the bottom of who can give the best tax breaks to billionaires, and then the tax burden moves on to the already shrinking middle class.

cpursley 3y ago
The super wealthy will just leave Europe. And even if you took all their money, the math does not work - the taxes need to come from other sources. Or government spending cuts.
- ChuckNorris89 3y ago
  >The super wealthy will just leave Europe. Again this FUD? That's just pro-super wealthy propaganda that hasn't been proven true because it has never been done because of this propaganda FUD that the elites will leave. Most of Europe's elite has their wealth in land. They can leave but they can't take the land with them. Europe can't function if member states engage in zero tax for the wealthy race to the bottom. Nobody wins but the wealthy elite. Not all countries are Monaco.
  - deleted 3y ago
    [deleted]

WastingMyTime89 3y ago

You can’t at the same time pretend to be an exporting country in a free market world and give billions of no string attached subsidies. That’s extreme market distortions not reasonable laws and taxes. Market distortions should be met with a strong answer from commercial partners. That’s what the US keeps saying China while themselves doing worse on nearly every points.