(Don’t take this map too seriously, I found it on another social media, not an academic paper).
"If we tax the rich, they just move to another country!1!!1!"
Yea, we will tax them there too. And take half of your hoard when they move. You stole long enough from us...
I hate that argument.
"People who are taking more than they give will leave if we ask them to pay their fair share!"
Fucking grand, get out. Or better yet, pay up. Best case, pay and leave.
The rich are rich because they own real physical assets, like the supermarkets, utilities, factories, etc. It is very difficult for them to move these assets with them overseas.
A really good example of this is Roman Abramovich, a Russian oligarch who owned the Chelsea FC. The UK government sanctioned and froze Abramovich's assets due to the Russia-Ukraine war, and Abramovich was forced to give away Chelsea FC.
Let's all sign international tax agreement so the rich can't flee, and if they do : requisition by the workers. Seems fair to me.
Who cares if they flee. The people shall then take control of their assets they leave behind!
The real estate, factories, etc they leave behind. Leave it to the people!
Shoutout Norway.
Wait, you mean the people that use our resources and don't pay taxes would go away?
Man, that sounds so awful.... What would we do without them.....
Tax wealth, not work.
Wealth is partly exploited work.
That’s bad math.
Is it though? What is wealth made up of?
Assets is one thing. So you inherit a castle that keeps increasing in value.
Tax wealth not work is a slogan in the UK right now from Gary Stephenson of Gary’s Economics.
There's a difference between workers and work. I don't own the work I produce for my boss.
Unless it fucks up amirite lmao
The people of Russia, Turkey, and Germany can tell they’ve been swindled by the Oligarchs for far too long!
What a fucked up democratic system(s) where such an overwhelming public support doesn't get shit done immediately.
Well, as it turns out, it's "not the worst", but that is no consolation.
Tax the rich more and put in place a general wealth cap. You can’t have more than say $100,000,000 and that is already a ridiculous sum for anyone person to have. If you are found to be over the limit then anything you own here can be taken to get you under the limit. Land and property can be taken, stocks can be taken, cash directly can be taken.
Also introduce a ban on private jets and yachts, you absolutely need to fly somewhere for a meeting? Join us plebeians on normal flights then, otherwise learn to use zoom and other such tools. A ban on yachts doesn’t mean a ban on all boats, normal smaller boats are fine, cruise ships, cargo ships and tankers are as fine as ever. Just means none of your luxurious mega yachts for you and your rich buddies anymore. Again join us plebeians at the bottom for a change so you understand what it’s like.
If you have $1 billion, you win capitalism. You get a trophy and all your money is taken away so you can start the game over again on a harder difficulty.
To me the issue is caused by how we determine how much tax is paid.
If you're wealthy, you can structure your income in such a way that you are not earning any and therefore don't need to pay tax on that "non-existent" income.
It's also how the multinational companies structure their finances to make little or no profit except in the lowest taxing country around where "all" their "profits" are taxed.
In other words, we need to restructure the tax system globally to measure income and profit differently instead.
With the current crop of Neanderthals in charge, it's unlikely to happen in our lifetime unless something drastically changes. I'm not holding my breath.
The "use assets as collateral to get a loan, and loans aren't taxed as income" thing needs to be patched out. There are probably many other exploits but that one seems like an easier fix.
I'm embarrassed my country is as low as 75% here.
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