Why are you arguing against reality? In the world today, some states and countries tax the rich at higher or lower rates than other states and countries, and it’s certainly not true that the rich all leave the high tax rate places. The data doesn’t lie. You can argue about why they don’t all leave, but the facts are there for you to see.
You don’t need uniformity around the United States or the world in order to tax the rich effectively. But people like to say what you said, so that you don’t even try to tax them.
But I think it would be fun to run an experiment. Why don’t we jack up taxes on the ultra-rich across the United States. If the ultra rich move to Venezuela, then all of the savings they have in the US stock market will be taxed at an even higher rate and we will actually get more money from them. And if they were working any cushy CEO jobs, those jobs will now be open for other American citizens, and I’m sure there were plenty of people willing to apply… Of course it doesn’t have to be the US. Pick any country, try the same experiment, and get back to us.
Yes, because at the same time they offer a better business environment. US, for example, can do pretty much anything, being de facto commercial center of the world, with highest scale operations historically based there and interconnected to the point they can’t just “leave”.
Should you run this “experiment” in aforementioned Venezuela instead, you’re unlikely to enjoy the result. Although it wouldn’t benefit the US in the long run either.
Why are you arguing against reality? In the world today, some states and countries tax the rich at higher or lower rates than other states and countries, and it’s certainly not true that the rich all leave the high tax rate places. The data doesn’t lie. You can argue about why they don’t all leave, but the facts are there for you to see.
You don’t need uniformity around the United States or the world in order to tax the rich effectively. But people like to say what you said, so that you don’t even try to tax them.
But I think it would be fun to run an experiment. Why don’t we jack up taxes on the ultra-rich across the United States. If the ultra rich move to Venezuela, then all of the savings they have in the US stock market will be taxed at an even higher rate and we will actually get more money from them. And if they were working any cushy CEO jobs, those jobs will now be open for other American citizens, and I’m sure there were plenty of people willing to apply… Of course it doesn’t have to be the US. Pick any country, try the same experiment, and get back to us.
Yes, because at the same time they offer a better business environment. US, for example, can do pretty much anything, being de facto commercial center of the world, with highest scale operations historically based there and interconnected to the point they can’t just “leave”.
Should you run this “experiment” in aforementioned Venezuela instead, you’re unlikely to enjoy the result. Although it wouldn’t benefit the US in the long run either.