
whose they? you don’t think the money will leave if we continue to raise taxes m? do you believe everything “they” tell you? Just because i’m not part of the echo chamber you’re all looking for doesn’t mean i’m wrong. Never underestimate the greed of man, willing to burn it all down and start fresh if they don’t get their way. Look back to the early days of the affordable care act, how many were laid off and how many businesses setup in taiwan and the philippines in response.
The median net worth in America is 200k (house included). That 5 million people to equal one trillionaire. I’d rather have 5 million people functioning in a society that on trillionaire lording over people and enriching himself via politics. Also, let’s be real, does a trillionaire actually live an any one place? They’re so global at that point. But fine, leave, your assets stay in the US -including your companies.
When the average person is paid the equivalent of a rounding error in comparison to the huge amount of wealth, there is no way those laws will truly ever be enforceable though. Our justice system is in many aspects already inherently pay-to-win, especially when it comes to civil cases.
I was asking what’s stopping them from leaving if u tax them to much. My concern isn’t about getting taxed if I somehow become a billionaire but that if they leave we’ll lose their tax money and job opportunities bc 10% of a trillion is still ten billion but everyone just downvoted me instead of explaining
In short nothing in place today will stop them. But they are still a US citizen, unless they revoke. Though take California for example, they recently passed a law saying they can claim taxes even if you move out of the state. We could do something like that for those who revoke their citizenship. And even if they decided to leave, not all of their employees / talent will, so I think that’s a low risk. Also, where would they go? Other western countries mostly have more taxes anyway.
True. But it’s not a trillion in cash, it’s equity in US companies. He may want to go to any other country, but his assets can’t easily be moved. Especially with spacex ties to the US military and teslas largest customer base being in the US. For these people the gov needs to just nationalize the assets of billionaire trillionaires who flee / don’t pay their fair share