4 ms·
Is a negative number a good thing or a bad thing? Maybe its a good thing and the country managed to equalize wealth more. Unlikely, but maybe.
by holoduke 3y ago
Is a negative number a good thing or a bad thing? Maybe its a good thing and the country managed to equalize wealth more. Unlikely, but maybe.
- deleted 3y ago[deleted]
- csomar 3y agoThis is migration and not creation/destruction of HNW.
- nroets 3y agoIf all the millionaires moved to the same country, global inequality won't change. But the wealth of the individual countries will equalize. Many countries would no longer have the tax revenue to pay for education, healthcare, feeding schemes etc.
- somedude895 3y agoIt's a bad thing. Rich individuals leaving a country means less tax income for education, healthcare, etc.
- mrweasel 3y agoIn theory yes, in reality many of these people are pay little to no taxes, on their personal income. Once you hit a certain level of income you can more or less buy the services and accounting advise that lets you determine your level of taxation. Jeff Bezos famously paid so little in tax that certain government programs designed for the poorest became available to him as well. One of the more famous Danish millionaires have recently criticized the governments plan to target people like him with a new tax. He already announced that he wouldn't be paying it, opting instead to "reallocate his funds" to keep him out of the new tax bracket.
- plagiarist 3y agoMaybe if they're gone we can reallocate my taxes to education and healthcare instead of giving trillions in handouts to billionaires. We could end up with an increase in money available for social services.