A wealthy country’s market for selling goods has value that can’t be taken elsewhere. But production, jobs, and profit can absolutely be exported. We have a lot of problems from not operating as one globe and the way businesses can flee from one country to another to find the most favorable conditions to exploit is one of those problems.
yeah, exactly what i’m saying, real assets (houses, agricultural areas, factories) are local and cannot be moved to other places easily, so they can be taxed. tax the rich.
They probably will at first. But they will want to come back. And billionaires really don’t like not getting what they want, even if it costs them more than they want to get it. You don’t need to be the lowest bidder to get billionaires. They won’t all go live in Bermuda or LA forever. What good is their money if it doesn’t let them live wherever they want? You already have all the things you need to attract them. Culture, history, prestige, safety. You will have even more of al those things when you make them pay their share.
They will just move to the next country.
Let them. If they don’t pay their share, they are not worth keeping.
If they want to operate in the world’s 3rd largest economy, they will not.
A wealthy country’s market for selling goods has value that can’t be taken elsewhere. But production, jobs, and profit can absolutely be exported. We have a lot of problems from not operating as one globe and the way businesses can flee from one country to another to find the most favorable conditions to exploit is one of those problems.
Why you can tax billionaires more and they won’t leave
surprisingly good video.
yeah, exactly what i’m saying, real assets (houses, agricultural areas, factories) are local and cannot be moved to other places easily, so they can be taxed. tax the rich.
Then you set up an exit tax and a tax on citizens living abroad
Not a solution as this will hurt people who aren’t billionaires as well.
With fair tax brackets it shouldn’t matter much
Always threatened, but never happens.
So they all live in low tax countries? No? Ok.
They own assets. Take away those assets, they lose their “leverage”.
They probably will at first. But they will want to come back. And billionaires really don’t like not getting what they want, even if it costs them more than they want to get it. You don’t need to be the lowest bidder to get billionaires. They won’t all go live in Bermuda or LA forever. What good is their money if it doesn’t let them live wherever they want? You already have all the things you need to attract them. Culture, history, prestige, safety. You will have even more of al those things when you make them pay their share.