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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by mizzao on Thursday April 03, 2025 @11:43PM (#43578111)
Even if this were implemented, any country taxing wealth would see a flight of capital to other countries not taxing it.
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Re:US Administration announces 34% tariffs on China – 20% on EU by vuurmot on Friday April 04, 2025 @12:22AM (#43578302)
So? Less capital chasing after housing means housing prices fall. If the capital was not destined to be used in the first place, then it only serves to inflate the economy
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Re:US Administration announces 34% tariffs on China – 20% on EU by antifa on Friday April 04, 2025 @01:08AM (#43578540)
Good, I'll help you pack your factory into your suitcase.
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Re:US Administration announces 34% tariffs on China – 20% on EU by disgruntledphd2 on Friday April 04, 2025 @03:41AM (#43579348)
The US wouldn't as it taxes global income.

More generally, you'd probably get the OECD together and make a deal if you wanted to do this.

Not many billionaires will move to the Congo, regardless of how much they are taxed.

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Re:US Administration announces 34% tariffs on China – 20% on EU by hello_moto on Friday April 04, 2025 @11:35AM (#43583958)
The other countries will bear inequality and servitude.

Let them swallow that pill.

The rich can’t bring their assets without divesting and get taxed first.

Can you imagine if someone like Elon Musk got wealth taxed at 75% of his $400Bn?

He’s still a billionaires and USA coffers will increase by $300Bn.

He can’t replicate his success outside USA because USA has the market and the appetite to spend.

You wanna cut income tax? Get Wealth Tax in place. Not Tariffs and cutting Govt. That’s billionaires playbook.

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