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by nolantait 1715 days ago
Assuming you can't also choose to move yourself and your assets to another country offering better terms. That's how the dynamics are changing. Peter Thiel and New Zealand are a small picture of the future to come. Countries will compete. How much of wealth is really tied up in land? If I can zap my wealth from one side of the world to another without anyone being able to stop me is it really easier to stop capital flight?
1 comments

> Assuming you can't also choose to move yourself and your assets to another country offering better terms.

Better terms are always very appealing, but the "terms" are about governance as a whole, not just paying taxes. That's what attracts assets from outside. Taxes are just a predictable cost of doing business, but bad governance can easily be a showstopper.