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by jfengel 478 days ago
Make it 99%. Then they will increase their wealth by $.01 for every dollar earned, which is better than $.00 for doing nothing. Logically they must continue using their special billionaire-skills because they are earning money for it. Probably at a faster rate than 99% of us.

Plain economics. Surely they will make the rational choice.

1 comments

The rational choice would then be to move their economic activity and the jobs involved to another country with lower taxes.
That would already be the rational choice, if it was. There are countries with lower taxes, yet the economic activity isn't flocking to them.
If they think that they can be as economically productive in a different country without American citizenship, then they should indeed do that.
Do you think that punitively incentivizing the most economically productive people to leave the country results in zero consequences?
The US taxes non-resident citizens.
And citizens can abandon their citizenship if they feel it is worth it.