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> Why should existing tax payers effectively subsidise lower taxes for new arrivals? Because new arrivals inject new money into the local economy. A new arriva
by robxorb 2y ago
> Why should existing tax payers effectively subsidise lower taxes for new arrivals?
Because new arrivals inject new money into the local economy. A new arrival buys products, pays for services etc. Their foreign dollars often also go further - meaning they can inject more vs a local, who - by nature of the problem - can't hence the need.
You could argue a tax break for locals would do the same thing, but it's not quite the same, as locals paying less tax may tend to choose saving any extra cash rather than change their spend-habits. Foreigners are bringing new money with existing habits.
- JetSpiegel 2y agoDo they? The point of digital nomads is to live anywhere, so they won't be attached to their location. It's the Danegeld, why should we want to attract those people?