People say that about the rich in America too. “Don’t tax them, they’ll leave and take all their money with them!”
But I dunno, maybe we shouldn’t let people get so rich we’re terrified of them leaving with their money? Just a passing thought…
But also I call bullshit. Doing business in America is, for the foreseeable future, profitable. The rich aren’t going to leave because they’re making less profit as long as “less profit” is more than “how much profit will I have if I leave”
Of course, now that they’ve completely captured the US government, the conversation is kind of moot.
People say that about the rich in America too. “Don’t tax them, they’ll leave and take all their money with them!”
But I dunno, maybe we shouldn’t let people get so rich we’re terrified of them leaving with their money? Just a passing thought…
But also I call bullshit. Doing business in America is, for the foreseeable future, profitable. The rich aren’t going to leave because they’re making less profit as long as “less profit” is more than “how much profit will I have if I leave”
Of course, now that they’ve completely captured the US government, the conversation is kind of moot.
If the US reestablishes the 91% top-tier tax bracket we had for most of the 20th century, the rest of the world will quickly follow.
Nobody will be in that bracket; they will take great efforts raise their tax deductible “expenses” (or reduce their revenue) in order to avoid it.
Well then you can block them from investing in the US or owning property. That would put a serious crimp on them.