RE: Raise your hand if you saw this coming a light-year away
10-26-2018, 11:23 AM (This post was last modified: 10-26-2018, 11:23 AM by Epsilon.)
10-26-2018, 11:23 AM (This post was last modified: 10-26-2018, 11:23 AM by Epsilon.)
(10-26-2018, 10:33 AM)SilverFang01 Wrote:(10-26-2018, 09:53 AM)hazard Wrote: Actually, that's even less workable than my idea. If nothing else, the CEO's will happily go basically anywhere else to dodge those taxes. I like the idea, mind you, but the only way it'll work is if there's a world government that can enforce it and can't be dodged.
Capital mobility is a problem but I don't think its an insurmountable one.
It's really not. Capital mobility only exists if you let it exist. If you declare that all of Jeff Bezos money, every red cent of it, belong to the US Government than Jeff Bezos can leave the US all he wants, but all his money stays in the US.
Rich people are not gods. They do not produce money by existing. If I stripped Jeff Bezos of all his possessions and dropped him in a virgin wilderness naked he would not found a multi-national internet based retailer. He would starve.
Jeff Bezos has exactly as much money as we allow him to have, no more and less. If you want to tax every cent he tries to transfer out of the country, you can. If you want to declare every property and item in America to no longer be his, you can.
The only difficulty is will. People won't vote for a party that does that, because a significant fraction of Americans are convinced that they are one lucky day away from being Jeff Bezos.