Rich people will move rather than pay their fair share of tax.
This so far has not been true, at least not in NY or WA. Rich people also want to be around actual services and amenities, something not generally found outside of cities. They’ll totally claim that they’ll leave, yes. Yet, they haven’t fled from NY…
Rich people can move easily, but their assets have an address. Gold sits in a vault, stocks are listed in New York. Factories have an address, land cannot be moved.
They don’t have to live here to tax their wealth. If they sell everything in our country and buy assets in some other country, then assets in our country become more affordable for normal people. There is no downside, unless you think rich people are some irreplaceable assets into themselves.
Rich people will move rather than pay their fair share of tax. I hear Bermuda’s nice.
America has no universal healthcare, so there’s nothing to add psyche care into.
This so far has not been true, at least not in NY or WA. Rich people also want to be around actual services and amenities, something not generally found outside of cities. They’ll totally claim that they’ll leave, yes. Yet, they haven’t fled from NY…
Rich people can move easily, but their assets have an address. Gold sits in a vault, stocks are listed in New York. Factories have an address, land cannot be moved.
They don’t have to live here to tax their wealth. If they sell everything in our country and buy assets in some other country, then assets in our country become more affordable for normal people. There is no downside, unless you think rich people are some irreplaceable assets into themselves.
Tax wealth not work.