Everyone that likes to parrot “tax billionaires gigantic sums of money” seem to miss the obvious counterpoint - if they get taxed too much, they’ll just leave and go to a country with a less gigantic tax burden. Which would be devastating for the US economy if they bring their companies with them. Can’t tax the rich if the rich aren’t here.
To be sure, the wealthy should be taxed more, but it has to be within a range where it won’t motivate them to get up and leave.
I mean you are right they probably would leave but I don’t think pandering to them becomes the right answer. Also, moving themselves is much easier than moving their companies.
Genius move, now there is less tax revenue than ever. A solution that literally fixed nothing, and made the problem it was meant to solve, worse. Standard fare for ideologues who pretend to love the poor but actually only hate the rich.
Everyone that likes to parrot “tax billionaires gigantic sums of money” seem to miss the obvious counterpoint - if they get taxed too much, they’ll just leave and go to a country with a less gigantic tax burden. Which would be devastating for the US economy if they bring their companies with them. Can’t tax the rich if the rich aren’t here.
To be sure, the wealthy should be taxed more, but it has to be within a range where it won’t motivate them to get up and leave.
I mean you are right they probably would leave but I don’t think pandering to them becomes the right answer. Also, moving themselves is much easier than moving their companies.
And also we would want to kick out people who would complain about having to give back to the society they profit so much from.
Ok. They can leave. We do not need Tesla, or Amazon, or Microsoft.
On behalf of the Russians, we’ll take the Tesla, thanks. Elon would fit riiight in… until he gets Khodorkovsky’d.
Genius move, now there is less tax revenue than ever. A solution that literally fixed nothing, and made the problem it was meant to solve, worse. Standard fare for ideologues who pretend to love the poor but actually only hate the rich.