[ExI] I see pitchforks.
danust2012 at gmail.com
Tue Jul 9 19:18:11 UTC 2019
> On Jul 9, 2019, at 11:39 AM, Adrian Tymes <atymes at gmail.com> wrote:
> Access to capital and markets - in short, to tools that have proven very useful at sustaining and increasing their wealth.
One would wonder how there are rich folks anywhere else. Do you believe only US citizens have access to capital and markets — even markets and capital in the US?
> That's the main reason all those "but the rich will flee to elsewhere" arguments against any tax hike fall flat: even with the proposed extra measures, the rich can make more money here than anywhere else, and they know it. Their greed is what keeps them here.
I don’t doubt that pecuniary motives play some role, but why is it then that the US has an expatriation taxes that continue years after someone has renounced their citizenship? Isn’t that to make it much much more unlikely to flee over higher taxes? (Imagine if US states had similar laws in effect — that you could be taxed, say, by the state of California for ten years after you moved to Oregon.)
I’m not against discussing wealth inequality, especially the part due to special privileges and to other meddling in society, but don’t you think the cures being offered might make matters worse? What will the US government actually do with ever more revenue? Make the world a better place? Actually pay down the national debt? I think there are far better means to address inequality. One might start from this perspective:
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