US Politics on Sidechat | Ok first of all don’t downvote me bc I don’t agree with this. It was sent to me by a buddy I sometimes have friendly political debate with. How do I respond??

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US Politics 6d

Ok first of all don’t downvote me bc I don’t agree with this. It was sent to me by a buddy I sometimes have friendly political debate with. How do I respond??

26 upvotes, 6 comments. Sidechat image post by Anonymous in US Politics. "Ok first of all don’t downvote me bc I don’t agree with this. It was sent to me by a buddy I sometimes have friendly political debate with. How do I respond??"

Anonymous 6d

Just call him the R slur like a normal person

Anonymous 6d

Tell him it's a false premise, because it is. Most of the rich don't leave at all, they just try to get creative with ways to avoid paying taxes by offshoring it while still living in the imperial core

Anonymous 6d

We have had periods of extremely high taxation on the top brackets (top marginal income tax rate in Eisenhower’s era was 93%), we’ve had trust-busting and regulatory crackdowns on major companies. In none of those times did the rich flee the country. At no point did the rich stop living comfortably. The rich aren’t gonna flee the United States over a tax hike. A few less billion dollars is not going to drive them hungry.

Anonymous 6d

The response is that rich people can move if they want, but businesses pay taxes both based on where they are incorporated and also where they have nexus. As a business you owe tax revenue to a state based on the revenue is earned. It is not treated as personal income. Most entrepreneurs pay their personal tax liability as corporations. It does not matter where they live, it matters where their businesses are.

Anonymous

#2 6d

JD Rockefeller didn’t flee the country when his taxes went up, his company got splintered by trust-busting, and the striking workers he’d been shooting now had the full protection of the law. The rich aren’t gonna flee because they make a few less billion dollars a year.

Anonymous

#4 6d

High taxes can make it unprofitable to do business and result in job losses but the myth of rich people fleeing to different localities is largely taking advantage of people’s ignorance regarding how and on what the wealthy actually pay taxes. It’s more complicated and when you get into the nuance there are some places where relocation can actually decrease their liability but that’s a whole other conversation after the one we should have about all the loopholes they’ve written in tax code.