[sidww2]

Wealth is not income though. Higher wealth taxes would go a long way but then you again have the problem of the wealthy simply moving their wealth out or not bringing it to the high-tax country in the first place.

[zanny]

> the problem of the wealthy simply moving their wealth out

I could easily see any nation trying to implement higher taxes on the rich to also implement a wealth export tax that takes a tremendous portion of their accumulated wealth if they try to jump ship and take it overseas.

> not bringing it to the high-tax country in the first place.

This is the larger concern, but if a society can't survive without the good graces of the lucky rich, it is already their slaves.

[richardwhiuk]

The IMF is talking about global monetary policy - if all countries did implement tax on high net wealth individuals, then it could have an impact.

Or they can penalize countries who operate tax havens - it's not like tax havens represents a significant amount of either trade or GDP.

[jellicle]

As so many hackers have found out, it doesn't matter where the money is. It matters where YOU are.