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A comment on The Libertarian Case for a Basic Income. Parent comment

Re:The Libertarian Case for a Basic Income by rndmize on Thursday December 05, 2013 @01:50PM (#6856281)
I fail to see why. Perhaps you could detail the jobs that would be shipped overseas as a result of this, particularly those that haven't been already?

Further, I don't really see how a high top income tax bracket would affect much. It doesn't look to me like it affects businesses (its not a corporate tax) - only the pay of people at the top of the chain. Are those people going to revoke their citizenship and move elsewhere to avoid the taxes?

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Re:The Libertarian Case for a Basic Income by liquidise on Thursday December 05, 2013 @07:36PM (#6858496)
It is important to make a distinction between shipping manual labor overseas vs cash stores. Apple came under fire for holding most of their finances overseas, and their argument was one of taxes.

The higher the tax rates go, the more fortune 500's will move their cash to places where it is not being taxed as heavily.

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