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by 543g43g43 1277 days ago
Ah, the mythical "super-rich" who could fund all of our solutions, if only we could prise their money out of their clutching hands!

It's funny how they always exist, even in countries like the UK and France which in reality have taxed them out of existence, and payscales are absurdly compressed compared to the US.

Careful what you wish for, you are someone else's "super rich".

2 comments

>the UK and France which in reality have taxed them out of existence

You're making it sound like billionaires are an endangered species there. :) Last time I checked there's more than enough billionaires living in the UK and France[1].

[1] https://en.wikipedia.org/wiki/Bernard_Arnault

That's the problem. The wealth of billionaires isn't tied to any particular country, so they always have the means to move their wealth to a tax haven. Calls to tax the rich always end up falling to the upper-middle/lower-upper classes (e.g. FAANG engineers who read HN).
Not the only source but https://www.hurun.net/en-US/Rank/HsRankDetails?pagetype=glob... for a full list of billionaires (according to Hurun).
That's the very definition of cherry picking.

Try this dataset instead:

https://en.wikipedia.org/wiki/List_of_countries_by_number_of...

According to the third list (Hurun), the UK is keeping pace with the US.
Shame Hurun doesn't publish its source data, or a list of those people.
Which is an irrelevant objection, unless the list is inaccurate. Hurun reports are widely cited with few (if any) questions on its accuracy.

In fact, it's an inaccurate objection proven by 1 minute of research: https://www.hurun.net/en-US/Rank/HsRankDetails?pagetype=glob...

>Hurun reports are widely cited with few (if any) questions on its accuracy.

I could make the same statements about Forbes and Knight Frank, so that doesn't help explain the 3x disparity between Hunan's figures and the rest.

>it's an inaccurate objection proven by 1 minute of research:

I too found that list of the globe's billionaires. As we are comparing the rates of billionaires in the US, UK, and France, that page doesn't help.

While it's true that wealth is relative, this is so disingenuous that I can only presume that this comment is not made in good faith.

FWIW, I think multinational corporations that engage in all manner of legal tax avoidance are probably more of a problem than individual billionaires.