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by atmavatar 6 days ago
> These people would just leave the state or leave the country. It’s been happening in Norway with just a small wealth tax.

Would they really, though?

A lot of people say this, but I think one very important thing is being overlooked: should a billionaire leave the US, they'd also lose a significant amount of influence over US policy. Especially when their wealth is built significantly upon the stocks of major US companies, giving up that influence is a huge risk to their wealth.

Just think - not only would the billionaire's influence suddenly become stigmatized "foreign influence", but it would also become tainted by the fact that they fled the country to avoid taxes. Politicians on the opposing side of an issue the billionaire wants to fight for would have a field day pointing out both every time the billionaire attempted to influence any policy.

3 comments

Based on what Sarah Wynn-Williams told about Zuck and what we've seen a lot of these state out loud (and know a lot more that have exrepessed this in private) seems that the society is being held hostage by child's who are threatening us with a tantrum, should we refuse the lollipop.

I think it's about time we turn adult now. The coming of age for humanity, as Dietrich Bonhoeffer used to say.

Is it even a problem if they leave?

(I understand there is at least one Billionaire that wants to occupy Mars—and I am 100% on board.)

"If you don't wanna play with our rules, you probably won't do business within our jurisdiction".