4 ms·

Wealth taxee are the classic example. Plenty of countries have tried

by andromeduck 3y ago

downWidOutaFite 3y ago
If plenty of countries have tried give an example where the rich fled and the country reversed the tax
- jarym 3y ago
  https://finance.yahoo.com/blogs/daily-ticker/gerard-depardieu-quits-france-because-high-taxes-173222852.html https://finance.yahoo.com/blogs/daily-ticker/gerard-depardie...
  - downWidOutaFite 3y ago
    one guy. The fact is rich people can afford to live wherever they like more than anyone else. There's no reason for them to leave if they don't want to. But if they do leave and they're famous sometimes they'll take the opportunity to score political points.
    - andromeduck 3y ago
      It's good to do some research of your own. https://amp.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax https://amp.theguardian.com/world/2014/dec/31/france-drops-7... https://www.businessinsider.com/what-happened-when-the-wealth-tax-was-implemented-in-europe-2019-10?amp https://www.businessinsider.com/what-happened-when-the-wealt... https://www.investorschronicle.co.uk/education/2021/02/11/lessons-from-history-france-s-wealth-tax-did-more-harm-than-good/ https://www.investorschronicle.co.uk/education/2021/02/11/le... https://amp.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly https://amp.theguardian.com/world/2023/apr/10/super-rich-aba...
      - jarym 3y ago
        Yea I don’t think the poster is particularly interested in doing his own research, only defending his point of view while asking others for examples before finding a reason to pick at them. Thank you for your comprehensive list of links though!
    - jarym 3y ago
      > one guy. Yes, because you asked for ‘an example’. As in you asked for ‘one’. You’re determined to stick to your point of view, you’re entitled to do that of course. But why pretend you’re interested in a debate or discussion on the matter when you’re clearly not?
Applejinx 3y ago
Pretty sure the trick there is to just take a trickle, not try to get a flood of income out of wealth taxation. NO amount of this is going to be acceptable to the wealthy, but there's gonna be a threshold between resentful grumbling and panicked flight, and that threshold is not at zero. And the usefulness of a wealth tax kicks in WAY closer to zero than the panic flight threshold is.

Wealth taxee are the classic example. Plenty of countries have tried

downWidOutaFite 3y ago

If plenty of countries have tried give an example where the rich fled and the country reversed the tax

jarym 3y ago
https://finance.yahoo.com/blogs/daily-ticker/gerard-depardieu-quits-france-because-high-taxes-173222852.html https://finance.yahoo.com/blogs/daily-ticker/gerard-depardie...
- downWidOutaFite 3y ago
  one guy. The fact is rich people can afford to live wherever they like more than anyone else. There's no reason for them to leave if they don't want to. But if they do leave and they're famous sometimes they'll take the opportunity to score political points.
  - andromeduck 3y ago
    It's good to do some research of your own. https://amp.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax https://amp.theguardian.com/world/2014/dec/31/france-drops-7... https://www.businessinsider.com/what-happened-when-the-wealth-tax-was-implemented-in-europe-2019-10?amp https://www.businessinsider.com/what-happened-when-the-wealt... https://www.investorschronicle.co.uk/education/2021/02/11/lessons-from-history-france-s-wealth-tax-did-more-harm-than-good/ https://www.investorschronicle.co.uk/education/2021/02/11/le... https://amp.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly https://amp.theguardian.com/world/2023/apr/10/super-rich-aba...
    - jarym 3y ago
      Yea I don’t think the poster is particularly interested in doing his own research, only defending his point of view while asking others for examples before finding a reason to pick at them. Thank you for your comprehensive list of links though!
  - jarym 3y ago
    > one guy. Yes, because you asked for ‘an example’. As in you asked for ‘one’. You’re determined to stick to your point of view, you’re entitled to do that of course. But why pretend you’re interested in a debate or discussion on the matter when you’re clearly not?

Applejinx 3y ago

Pretty sure the trick there is to just take a trickle, not try to get a flood of income out of wealth taxation. NO amount of this is going to be acceptable to the wealthy, but there's gonna be a threshold between resentful grumbling and panicked flight, and that threshold is not at zero. And the usefulness of a wealth tax kicks in WAY closer to zero than the panic flight threshold is.