Re:Economic Inequality
by rst on Saturday January 02, 2016 @12:56PM
(#10826990)
When the Beatles found themselves taxed at 95%, they wrote a song about it ("Here's one for you, nineteen for me..."), but they didn't hang up their guitars.
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Re:Economic Inequality
by WalterBright on Saturday January 02, 2016 @01:31PM
(#10827188)
They did break up. Also, many wealthy Britons moved to Barbados to avoid the taxes.
I never heard the theory that they broke up because of the tax rates. Thought it had something to do with Yoko :-)
Tax avoidance is a significant issue that will require some international coordination - but I do think it is a solvable problem.
See for example the Facebook co-founder who had to pay an exit tax to move his assets offshore.