Uber Posts $5.2B Loss and Slowest Ever Growth Rate

Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by jjeaff on Thursday August 08, 2019 @07:28PM (#20649981)

There is a big factor that you are missing when it come to huge taxes. And that is the fact that people, especially the wealthy, are mobile.

Tax the wealthiest 0.01% at 99% and watch how fast they leave the country for low tax regions.

It already happens with people like the Facebook cofounder that renounced US citizenship.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by magpi3 on Thursday August 08, 2019 @11:07PM (#20651022)

I hear this a lot. I will believe it when I see it. Silicon Valley is crazy expensive. Why do people go there? Why don't the wealthy of Silicon Valley live someplace cheaper?

Because that is where the action and the talent is. It's not just about money and cost of living.

Also the 0.01 are so absurdly wealthy many are pledging to give away their money. They are not going to move away from their homeland because they are taxed more.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by jjeaff on Monday August 12, 2019 @01:23AM (#20672661)

https://www.businessinsider.com/goodbye-america-billionaire-...

https://www.modbee.com/opinion/article226101685.html

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