[ExI] I see pitchforks.

[William Flynn Wallace]

What do the superrich need with a US. citizenship?  bill w

On Tue, Jul 9, 2019 at 12:19 PM Dylan Distasio <interzone at gmail.com> wrote:

> Personal tax requirements are much stricter in the US.  You have to
> relinquish your US citizenship to stop paying US taxes regardless of where
> you live.  It is one of the most oppressive tax policies compared to other
> countries' citizens living abroad.
>
>
> On Tue, Jul 9, 2019 at 1:06 PM William Flynn Wallace <foozler83 at gmail.com>
> wrote:
>
>> What about the rich simply moving to another country?  Multinationals
>> make money overseas that isn't taxed here, right?  So what is stopping
>> them?  billw
>>
>> On Tue, Jul 9, 2019 at 10:43 AM <spike at rainier66.com> wrote:
>>
>>>
>>>
>>>
>>>
>>> *From:* extropy-chat <extropy-chat-bounces at lists.extropy.org> *On
>>> Behalf Of *John Clark
>>>
>>>
>>>
>>> *>> **Once that number is set to a billion dollars in assets, we recall
>>> that currency value is arbitrary. *
>>>
>>>
>>>
>>> >…Yes that number is arbitrary, we might decide to set it at half a
>>> billion or maybe 2 billion, but the point is we need a wealth tax. Or do
>>> you think this acceleration of the wealth gap can continue forever without
>>> a hiccup?
>>>
>>>
>>>
>>>
>>>
>>> Ja, in a sense.  If there is a hiccup, it isn’t one we would notice.
>>> The super-wealthy gather in their places (Palo Alto is an example) and
>>> compete against each other.  Meanwhile the rest of us go about our business
>>> the usual way.  Neither the super-wealthy nor the proletariat know much or
>>> care all that much about what the other side is doing.  I don’t obsess
>>> about it.  I know the people in Palo Alto have more money than they know
>>> what to do with, but my only involvement with them is driving thru to
>>> donate to the blood bank or visit the marvelous Stanford book store.
>>>
>>>
>>>
>>> >…Come on Spike, do you really think that is an inescapable objection to
>>> the idea of a wealth tax? Just adjust the point where the tax kicks in with
>>> the inflation rate…
>>>
>>>
>>>
>>> The way they did with the income tax?
>>>
>>>
>>>
>>>
>>>
>>> >…Some people will always try to cheat on their taxes, even today some
>>> people do exactly what you describe above and sometimes they get away with
>>> it, but usually they don't and end up in jail… John K Clark
>>>
>>>
>>>
>>>
>>>
>>> Sure but with the wealth tax, they wouldn’t need jails.  They would only
>>> need a place to pile the ashes.
>>>
>>>
>>>
>>> John, the whole notion is embracing murderous totalitarianism in order
>>> to stop all the unreasonable optimism and unfairness of wealth disparity.
>>>
>>>
>>>
>>> I’ll taaaaake… optimism and disparity for 500 please Alex.
>>>
>>>
>>>
>>> Besides that, I would argue that the optimism isn’t necessarily
>>> unreasonable.  I have so many great ideas, sooner or later one of them will
>>> make buttloads of money.
>>>
>>>
>>>
>>> spike
>>>
>>>
>>>
>>>
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