Comment by neogodless
16 days ago
So where is the wealth of the rich stored?
Where does their income come from? (e.g. investment growth, etc.)
Can't you basically tax their income, and quadruple that tax if they move abroad and want to move their money out of the U.S.?
(I'm guessing it's not easy, but I also guess the reason it's not done is because the ultra rich have so much influence on the politicians and tax code... not for whatever other logistical reasons might exist.)
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