[ruggeri]

That might be true if they couldn't move wealth outside the country.

But a concern is that those with savings might move money out of the country to invest in jurisdictions with lower capital gains tax.

One view is that this tax jurisdiction forum-shopping creates a race to the bottom.

[snovv_crash]

It's the same for workers, they can just perform their labour outside of the country and they would create a much larger problem.