So, is declining revenue in the atermath of the tax heist a good thing?
Make Racism Wrong Again
Tax heist lolcinque said:
So, is declining revenue in the atermath of the tax heist a good thing?
Canada2017 said:tommie said:Canada2017 said:
Almost every country that puts excessive taxes on their wealthy citizens ...eventually sees a significant number of those citizens emigrate elsewhere .
Some see any tax as excessive.
Doesn't alter the destructive reality of the wealthy leaving a country in droves .
No different as when corporations leave a state due to higher taxes .
Bottom line......
It sounds 'good' to soak the rich .....but often you actually take in less money as people bail out .
tommie said:Canada2017 said:tommie said:Canada2017 said:
Almost every country that puts excessive taxes on their wealthy citizens ...eventually sees a significant number of those citizens emigrate elsewhere .
Some see any tax as excessive.
Doesn't alter the destructive reality of the wealthy leaving a country in droves .
No different as when corporations leave a state due to higher taxes .
Bottom line......
It sounds 'good' to soak the rich .....but often you actually take in less money as people bail out .
The wealthy aren't leaving the country. They are offshoring wealth. That's a law change away from changing.
The biggest thing I'd like to see is the proper definition of income. Taking options this year and selling next year is not an investment. It's income.
Because what remains unchanged is when I take my $20M yacht sailing off the coast of Africa and it breaks down or gets pirated, who's the doctor i call?