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A comment on IMF strongly suggests countries tax the rich to fix deficit. Parent comment

Re:IMF strongly suggests countries tax the rich to fix deficit by sidww2 on Sunday October 13, 2013 @07:05PM (#6544477)
Wealth is not income though. Higher wealth taxes would go a long way but then you again have the problem of the wealthy simply moving their wealth out or not bringing it to the high-tax country in the first place.
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Re:IMF strongly suggests countries tax the rich to fix deficit by zanny on Sunday October 13, 2013 @07:22PM (#6544526)
> the problem of the wealthy simply moving their wealth out

I could easily see any nation trying to implement higher taxes on the rich to also implement a wealth export tax that takes a tremendous portion of their accumulated wealth if they try to jump ship and take it overseas.

> not bringing it to the high-tax country in the first place.

This is the larger concern, but if a society can't survive without the good graces of the lucky rich, it is already their slaves.

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Re:IMF strongly suggests countries tax the rich to fix deficit by richardwhiuk on Sunday October 13, 2013 @07:34PM (#6544560)
The IMF is talking about global monetary policy - if all countries did implement tax on high net wealth individuals, then it could have an impact.

Or they can penalize countries who operate tax havens - it's not like tax havens represents a significant amount of either trade or GDP.

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Re:IMF strongly suggests countries tax the rich to fix deficit by jellicle on Sunday October 13, 2013 @10:00PM (#6545009)
As so many hackers have found out, it doesn't matter where the money is. It matters where YOU are.
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