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Oh no. I guess then it should never be implemented. People in the future will forever be allowed to transfer wealth as they see fit without taxation because o
by skhunted 2y ago
Oh no. I guess then it should never be implemented. People in the future will forever be allowed to transfer wealth as they see fit without taxation because of this loophole you found. Though in the U.S. we have precedents on this:
https://www.investopedia.com/terms/t/tax-reform-act-of-1993.asp https://www.investopedia.com/terms/t/tax-reform-act-of-1993....
- ThrowawayR2 2y agoCrank that up high enough to even hope to make a dent and what you get is https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax https://www.theguardian.com/world/2014/dec/31/france-drops-7... Don't fight battles you know aren't going to win and don't enact laws you know are going to backfire.
- skhunted 2y agoYou missed the part about “every county should do this”. The free rider problem is an issue. Also, my proposal is different than an income tax. A person who accumulates great wealth from within a country should not be allowed to transfer it to another country without a major tax on it.