Comment by DoesntMatter22
18 days ago
That's the thing I never understand about tax the rich, as soon as you do that they're going to leave. Well even before you do that they're going to leave. And a lot of these people do employ a lot of people so they just start companies elsewhere.
And even if you took let's say 95% of their wealth that wouldn't even pay down half of the US debt.
I think all this stuff ends up doing is being a brain drain to make people leave whatever country they're in for other countries
> And a lot of these people do employ a lot of people so they just start companies elsewhere.
Great, do that! Go start companies in other countries, and trickle down their wealth to employees in the form of wages and salaries.
If only they thought of doing that in the UK! Instead of the rich buying up properties turning them into buy-to-lets, both pricing out working people of their first home, and then taking their income as rent.
Most billionaires do employee people in the countries in which they live.
Making some types of billionaires leave is a benefit.