>if you tax billionaires, they'll move away>"job creators" will move away>"tax revenue" will decreaseBut what if there was nowhere for them to move to? Why the fuck do we constantly have to assuage these gigakikes?If you benefitted from the opportunities your country enabled then renounce your citizenship and reneg on your homeland? 20 year penalty.Leave for another state instead? 5+ year cross-state exit penalty - averaging the difference between the two and regressing down each year.I can't even sell-off a chunk of my 401k without getting assraped but these gigakikes can come and go as they please? fuck'em.
>>546028761Billionaires are escape goats for bad tax policies.
There was a literal row of billionaires at the presidential inauguration. It’s all fucking rigged.
>>546028830They're the ones doing the tax policies
>>546028761literally just kill them (and their families)
>>546028830Check out Trump's big beautiful bill, one big fat check for the epsteinites.And it's scapegoat retard
>>546028761We can't nationalize their business.Yes, China does that when their businessmen start aggressively fucking over everyone, but that's communism!
People with pea brains and the IQ of a sausage will realise most of a billionaire's net worth is linked to their companys' share prices (ergo unrealised assets). How do you wealth tax musk on becoming a trillionnaire 1 day then his shares dip 400bn? Does he get a wealth rebate too?. What if the wealth is generated and located in another jurisdiction? Should California be allowed to demand Canadian generated profits? (Obviously endless issues but inhave to write this as some pea brain will seek to provide a retarded take to these 2 points which removes any "excuse" etc. Idiots just don't think 1 baby step ahead. They think the economy is like their npc goy finances.
>>546028761The real question you should be asking is why does your economy implode when you start making taxes like that. Taxation and government intervention in the economy isn't a machete to cut through the jungle but a scalpel to work on a patient. Sometimes some things do need lancing but commies are retarded and don't understand game theory.
>>546030409Yep that's a good policy, and we *used* to have antitrust laws to do something similar. Right now government crushes small and medium business, workers are fucked, and the rich buy monopoly protection. It's bad.
>>546028761
>>546028761>if you tax billionaires, they'll move awayOy, vey...
>>546028761>"job creators" will move awayOy, gevalt...
>>546028830>Billionaires are escape goatsYou are a temporarily embarrassed billionaire yourself, right?
>>546028761We already have wealth tax and exit tax here. It's not helping. Our entrepreneurs are fleeing to America where they are free to grow. Besides, what do you think happens to the increased tax revenue? It's all wasted. It would be nice if the new money was well spent. But it isn't.
>>546028761Most don't move away it's a Rightoid myth. They are in the West for a reason and it's because they can't generate that type of wealth anywhere else and their capital and networks are tied up here. You can always use exit taxes on them as well.
>>546028761there is a limit to how much money bilionere can spend on himselfevery time hi buy luxury product like overpriced yaht the money go back to working peoplebilioners will not move away if you tax them colectivly,, they will just rise products prices and middle clss and below will pay for itthe increase of product prices will not touch top1 % because they spend only 0.0001% of income on them taxing the rich would just be another tax on the poorfirst fix tax avoidance, tax returns ("art" donations) and other bs ways to avoid tax
>>546033832>Our entrepreneurs are fleeing to America where they are free to grow.That's simply not true. The few wealthy Norwegians that leave go to Switzerland.
>>546028761I'll bite, for the sake of argument, all 44 billionaires in Spain have a combined net worth of 287.2B. If you go steal every penny of that from their giant money vaults. Divvy that up to every citizen in Spain and that's around 5700 per person. What will you do with your new fortune?Or would you just have your government keep it all. That covers about 4 months of their spending. Who are you going to rob in March to pay for their spending?
>>546028830>Billionaires are escape goats for bad tax policiesCan anyone explain to me why having money go to the state is a good thing?>Omg {insert name/group} didn't pay taxes.>I'm outraged. The government needs more of our money to lie, send us to bullshit wars, foreign aid, line jewish pockets, and to replace us with 3rd worlders.
>>546028761First of all, taxing someone on their wealth, rather than their income/gains, makes zero sense. Do you think billionaires just have vaults of cash like scrooge mcduck? All their money is in investments, and the idea of taxing unrealized gains is absolutely retarded and anyone who thinks that is a good idea is financially illiterate.There's also the simple fact that basically any idea targeted at taxing the rich only ever ends up fucking over the upper-middle-class. Richfags will always find loopholes and ways around paying that shit. Instead you just fuck over high-tier normalfags like doctors and such. This has played out time and time again. >I can't even sell-off a chunk of my 401k without getting assraped but these gigakikes can come and go as they please? fuck'em.Sadly because the more wealth you have, the more options you have to find clever ways to hide it. For an extreme example, it doesn't make any sense for McWagie working for 10 dollars an hour at McGoyfeed's to hire accountants and set up shell companies to try to shuffle the couple dollars he makes to pay lower taxes. But when you make tens of millions a year, it's a drop in a bucket to pay for these strategies for massive ROI. Normalfags can't just up and move their whole life to a different state/country on a whim based on marginal tax differencies, but when you're a ultra wealthy richfag, doing so is nothing compared to how much you're saving.
>>546028761>But what if there was nowhere for them to move to?You're already falling for arguing along the framework of the narrative they push that you outlined in the green text.Ask yourself, do billionaires/elites CURRENTLY all live wherever they'd have the lowest/most favorable taxes?No?>>546028830Yeah, bad policies like not taxing the most successful proportional to how much our society has enabled them to succeed.>>546030519>>546035240Aaaaahhh yes, it's all unrealized gains, and business valuation, and locked up in stocks and investments, and it's hypothetical virtual wealth!...Except somehow when they need to buy a media company to control narratives, or fund a political campaign to control policies SUDDENLY they can leverage all this untouchable imaginary value into real cash.>>546034954>they will just rise products prices and middle clss and below will pay for itThere's a difference between taxing individuals and businesses and regardless there are limits on how much you can raise prices before people just stop buying and it becomes counter-productive.Multiple businesses experienced this getting too cocky about using the excuse of inflation to price gouge and now have had to start reassessing when the numbers finally caught up and they realized it was actually hurting business.
>>546028761>they'll move awayand become foreign citizens, losing their ability to do business, see if they want to move thenin fact, do the same for any money kept in tax havens too
>>546036061>...Except somehow when they need to buy a media company to control narratives, or fund a political campaign to control policies SUDDENLY they can leverage all this untouchable imaginary value into real cash.Right, because they sell those assets and realize the gains. This is basic accounting 101. Imagine I'm holding buttcoins in 2017. I bought it early in the year for 1k and at the end of the year it's around 19k. If I were taxed on unrealized gains, I'd apparently owe the state tax on the 18k I "made". However, right after that evaluation, bitcoin taxes a massive shit and dumps to 3k. But I still owe taxes on the hypothetical 18k I would have made if I timed the market perfectly and sold at the peak?Now multiply this across not just one person, but the entire economy. Tax on unrealized gains would simply punish people for holding, and force people to sell assets. Selling assets drops the price. Everyone being forced to sell in order to pay taxes on their unrealized gains would just create massive cascading freefalls across all sectors. It's absolutely retarded. And that's not even getting into more illiquid assets like housing. Oh, green line went up on the real estate market? Guess you now need to sell your home just to pay the tax on your home, come on now.
>>546028761>But what if there was nowhere for them to move to?It's called open borders retard. Any leftist shithole will let them in. We have Sanctuary cities in the very U.S. where laws are ignored, they could go there.
>>546028830>eacape goatsRothschild detected
>>546036373>Tax on unrealized gains would simply punish people for holdingWait, the Jewish elites that control most of the wealth would have to... INVEST it back into the economy instead of holding it in magical "you can't tax this!" "imaginary wealth", except when they use it to influence our politicians and media????The HORROR!!!!The US must have been a post apocalyptic wasteland back when we taxed the rich more!>And that's not even getting into more illiquid assets like housing.Wait, you're telling me boomers and investment funds sitting on multiple houses might actually have to sell some off at a realistic price to their perma-serf renters?!??!!!It's the HOLOCAUST 10000000000!!!!! ITS THE END OF THE WORLD!!!!!1!
