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by stephen_cagle 26 days ago
Yeah, I hear you. And it is historically true.

But why can't we just say "2% over a billion, 1% over a million; 50% if you choose to move your assets out of the country". It does not seem that unreasonable to insist that you keep your monies in the country that lead to your wealth?

1 comments

Generally, billionaires have already moved their assets to tax-havens. Because it is the sane thing to do. And the minute a bill for anti-movement is scheduled for a vote, the rest will be moved before the bill comes into effect.

Instead of taxing leavers, one should provide tax cuts for returners. Their investment locally means jobs will be created locally and taxes will subsequently be paid locally anyway. Win-win for everyone.