Because billionaires fleeing or stop investing after taxing them is mostly a myth. Warren Buffet even argued this. And even if they are serious about fleeing, impose a capital flight tax like Norway did to deter the rich from fleeing with their wealth.
It’s always been such an absurd argument. This whole notion of if a billionaire can’t make ten million dollars he won’t bother to make to eight, as if everything we know about billionaires doesn’t tell us that they will scramble, strive, and devastate the world for every little nickel.
Because billionaires fleeing or stop investing after taxing them is mostly a myth. Warren Buffet even argued this. And even if they are serious about fleeing, impose a capital flight tax like Norway did to deter the rich from fleeing with their wealth.
the countries to target is the one that launders billionaire money, like swiss banks, desucthe banks, cayman island, malt anad cypress,etc.
It’s always been such an absurd argument. This whole notion of if a billionaire can’t make ten million dollars he won’t bother to make to eight, as if everything we know about billionaires doesn’t tell us that they will scramble, strive, and devastate the world for every little nickel.