Hacker News new | ask | show | jobs
by mvncleaninst 975 days ago
> People will just move to avoid the tax. THere are plenty of countries worth living in that don't have a wealth tax. France found out the hard way.

And why are we assuming here that this is a bad thing? If the tax disproportionately affects the 1% and the 1% leaves, was anything of value lost? Or better yet, did we lose something of negative value?

Here's an alternative take: if the 1% leaves it would be analogous to this https://en.wikipedia.org/wiki/Exorcism_of_the_Gerasene_demon...