[ExI] state vs federal taxes, was: RE: self driving truck

[Adrian Tymes]

On Mon, Oct 31, 2016 at 12:46 PM, spike <spike66 at att.net> wrote:

>  *From:* extropy-chat [mailto:extropy-chat-bounces at lists.extropy.org] *On
> Behalf Of *Adrian Tymes
>
> On Oct 31, 2016 8:01 AM, "spike" <spike66 at att.net> wrote:
>
> >>>…By that argument, why does money not flee the state & local?  Adrian
>
> >>…Because we can’t run off with our house on our backs… spike
>
> >…So?  That would equally true whether the state or the feds collected
> property taxes.  Why is it not okay for the feds to collect it, if states
> collect it and that hasn't caused all (or even most) wealth to flee?
>
>
>
> The Federal government is a monopoly, but states must compete with each
> other.
>

Incorrect.  The arguments about capital flight if the federal taxes rise,
are about capital flight to other countries (as well as to other states and
local areas).  This makes the US federal government not a monopoly for the
subject at hand.

Second reason: states are required to balance their budgets; the Fed is not
> and cannot.
>

Irrelevant.  We're talking about capital's response to taxes, not the
reasons for taxes.


> Any USian is free to go to any other state, but USians are only free to go
> to another country if they have a lotta lotta money.
>

Both incorrect and irrelevant.  Other countries allow migration from the US
- maybe not as conveniently as if you can bribe your way through the
process, but if you're determined to go (and you haven't broken the US's
laws, which mere emigration from the US by itself does not do), you can.
That said, we're talking primarily about the rich.
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