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Make it 99%. Then they will increase their wealth by $.01 for every dollar earned, which is better than $.00 for doing nothing. Logically they must continue usi
by jfengel 2y ago
Make it 99%. Then they will increase their wealth by $.01 for every dollar earned, which is better than $.00 for doing nothing. Logically they must continue using their special billionaire-skills because they are earning money for it. Probably at a faster rate than 99% of us.
Plain economics. Surely they will make the rational choice.
- BJones12 2y agoThe rational choice would then be to move their economic activity and the jobs involved to another country with lower taxes.
- luckylion 2y agoThat would already be the rational choice, if it was. There are countries with lower taxes, yet the economic activity isn't flocking to them.
- thfuran 2y agoThe US taxes non-resident citizens.
- erikerikson 2y agoAnd citizens can abandon their citizenship if they feel it is worth it.
- jfengel 2y agoIf they think that they can be as economically productive in a different country without American citizenship, then they should indeed do that.
- missedthecue 2y agoDo you think that punitively incentivizing the most economically productive people to leave the country results in zero consequences?