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.
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.