Re:The Oppression of the Supermajority
by arcticbull on Tuesday March 05, 2019 @03:01PM
(#19313699)
I respectfully disagree. People aren't simply motivated by taxes -- there's other things like friendship, society, sense of purpose, opportunities, their place of business and the country they live in as a whole. Further, perceived value of money operates on a logarithmic scale so for someone with $2M in income $1M is a lot of money to take, but for someone with $100M $1M just isn't. I don't think you've factored in a whole lot of aspects. For instance, the top tax rate in Denmark is 62.5% and yet they have wealthy people -- why aren't they all in Hong Kong or Singapore or Malta or Gibraltar?
The hyperbolic example is "the only place that won't tax me is this deserted island, so peace boys, it's just me and my money over here." Feels a bit unlikely doesn't it?
There are places with truly nominal taxes already (Saudi Arabia for one), so why aren't all our rich people ... there in one big pile already?
Re:The Oppression of the Supermajority
by anoncake on Wednesday March 06, 2019 @04:51AM
(#19317643)
You're right, I simplified way too much. Of course taxes are not the only factor in play. Indeed, I hope that I overestimated their inpact. Also I didn't expect the top taxes in Denmark to be that high.
The hyperbolic example is "the only place that won't tax me is this deserted island, so peace boys, it's just me and my money over here." Feels a bit unlikely doesn't it?
There are places with truly nominal taxes already (Saudi Arabia for one), so why aren't all our rich people ... there in one big pile already?