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You’re assuming that if the US tried a serious wealth distribution tax hike, a country like China, India, South Korea, Japan, you name it, would not immediately
by gjsman-1000 2y ago
You’re assuming that if the US tried a serious wealth distribution tax hike, a country like China, India, South Korea, Japan, you name it, would not immediately offer sweetheart deals. The UK is currently learning this the hard way relative to the US with talent fleeing.
- Jtsummers 2y agoahoka wrote: > Maybe stop giving tax cuts to rich people Nor did I write anything about "significant tax hikes". How do you get from these comments to significant tax hikes? Not giving tax cuts to the wealthiest of Americans and not increasing our deficit further is not the same thing as a significant tax hike. If you cannot distinguish these two things, I don't know how any productive conversation could ever be had here. And if billionaires choose to leave the US to avoid these non tax-hikes, that's their choice. But most countries they'd presently opt for do tax higher than the US does.