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by tim333 1962 days ago
If you make it easy and legal you'd get stuff like Wall Street seceding from the US to pay less tax.

A possible model for Israel like situations is both parts become part of some larger body like Eire and NI both joining the EU. I know that's changed now but it did quite a good job of stopping the troubles.

Maybe something like the earlier EU were you get free trade and human rights courts but without the latter attempts at a single currency and political integration.

2 comments

But they would have to pay their share towards the upkeep of NYC at least or there would be border checks on the subway bringing Wall Street to its knees as they run out of secretaries and cleaners who commute from distant suburbs. Many companies would be forced for practical reasons to relocate to Brooklyn or New Jersey. Basically like U.K. leaving the EU.
Stonk trading can happen on the internet. Is there even a floor anymore?
As I mentioned, that one is easiest to expect, and a seceding country would be paying a fee for 10 or 20 years that would pretty much cancel any tax savings.

After they are done, the formerly parent country could introduce visas for travel across the border, and as someone mentioned, all the income for people living outside the Wall Street would still be taxed by residency, as is the case today.

Of course, the rules would need to be carefully worked out, and it would disincentivise some but not others to secede (just like today). The goal should only be to avoid armed conflict in reaching the same state.

Basically, we all accept that killing someone is illegal if you disagree with them, but there's this sudden jump when countries declare war on each other and now it's ok to do exactly that.

Basically, it's double standards, and it should be a criminal act to declare war on anyone.

I get what you’re trying to do, but do you realize how much you’re trying to force your idea of taxation onto others?