this post was submitted on 06 Sep 2023
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Problem with taxing the rich is that they just go to other countries with their money. Not saying we shouldnt, just that its not simple.
Well then there 's a new tax for changing citizenship for people with multiple huge bank accounts. I dunno, the solution gonna be complicated whatever it is. Maybe the one thing every country can agree on, making taxes just unbearable for them wherever they are.
And theres the flaw, something every country can agree on. Thats not happening unfortunately. Even if we could force all countries to do a certain thing, theres varying levels of corruptions everywhere that would prevent something like that in the first place. The closest we've come so far is probably oil sanctions on russia.
@quackers @wheeldawg It becomes a race to the bottom then. Keep driving ultra rich tax rates down and you end at zero, or worse.
Yep, i dont know the solution, but thats the reasoning behind it anyway