You realise that they’ll not leave because it would be A LOT more expensive than just paying their taxes right ? Moving assets is expensive, they will not sell all their property, they will not move their companies. Them moving away is just propaganda for fools like you.
And in any case, they already don’t pay much, even if 1% of them move away, the tax income from the rest will make up for it.
Because it allows them to increase their wealth while lowering their taxes, and the assets and properties are not moving or changing hands (well, they kind of are by moving from holding A to holding B, but the holdings are still entirely within their hands). That’s the expensive part which justifies paying experts.
I don’t really know the guy, he just pops up on my feed sometimes, so I have no idea if he’s a self important jackass or not. But he raises a lot of important questions with answers we already know to be part of the solution. Raising taxes, destroying inheritance above a certain threshold, the looming threat of extreme Victorian-like inequalities, are all valid points.
Yeah because arguing about taxing the rich to prevent kids dying in the streets from tuberculosis is roughly the same thing as human trafficking or defending social darwinism. What the fuck ?..
Short term cost for long term profit. Look at all the companies that up and left Delaware after what their courts pulled with musks pay packet.
A wealth tax wouldn’t just be a one off thing either, so it might cost them 2x what they’d have to pay to leave, but that has paid itself off after 2 years.
You realise that they’ll not leave because it would be A LOT more expensive than just paying their taxes right ? Moving assets is expensive, they will not sell all their property, they will not move their companies. Them moving away is just propaganda for fools like you.
And in any case, they already don’t pay much, even if 1% of them move away, the tax income from the rest will make up for it.
According to Abigail Disney they already pay more to avoid taxes than the cost of the taxes themselves.
That’s absolutely not surprising. Paying for attorneys, transfer pricing experts, etc. would definitely cost a lot more
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Because it allows them to increase their wealth while lowering their taxes, and the assets and properties are not moving or changing hands (well, they kind of are by moving from holding A to holding B, but the holdings are still entirely within their hands). That’s the expensive part which justifies paying experts.
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I don’t really know the guy, he just pops up on my feed sometimes, so I have no idea if he’s a self important jackass or not. But he raises a lot of important questions with answers we already know to be part of the solution. Raising taxes, destroying inheritance above a certain threshold, the looming threat of extreme Victorian-like inequalities, are all valid points.
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Yeah because arguing about taxing the rich to prevent kids dying in the streets from tuberculosis is roughly the same thing as human trafficking or defending social darwinism. What the fuck ?..
Short term cost for long term profit. Look at all the companies that up and left Delaware after what their courts pulled with musks pay packet.
A wealth tax wouldn’t just be a one off thing either, so it might cost them 2x what they’d have to pay to leave, but that has paid itself off after 2 years.