Head to Plaud web: https://bit.ly/4aM82Xp, use code MM15 for 15% offPlaud Amazon：https://amzn.to/4eieBlo, use MM15OFF for 15% off If you appreciate the resea...
TL;DW: Had to do more about exit tax than wealth tax.
They tend to have other homes in different countries that they can go to very easily. They’ll just jaunt to their other home, to them it’s a hectic Tuesday.
Also, a lot of these companies they own and/or bank with are international, and can be layered with many shell companies on top of that. Some have been around since the 1800s, they’ve had their wealth seized before, they are aware of this, and believe me, they have taken this into account.
That’s the best case scenario, what of investors, all of those million and thousandaires? I think you will lose massive amounts of them from all over the world. Is that worth it?
Tax them competitively together, nations alone weak, together strong is what Macchiavelli said or maybe Planet of Apes one or the other.
Foreign investors who are not subject to your domestic wealth tax will invest in your country as long as it’s profitable enough.
Domestic investors would be subject to a wealth tax regardless of where they invest and will also invest in your country as long as it’s profitable enough.
They tend to have other homes in different countries that they can go to very easily. They’ll just jaunt to their other home, to them it’s a hectic Tuesday.
Also, a lot of these companies they own and/or bank with are international, and can be layered with many shell companies on top of that. Some have been around since the 1800s, they’ve had their wealth seized before, they are aware of this, and believe me, they have taken this into account.
That’s the best case scenario, what of investors, all of those million and thousandaires? I think you will lose massive amounts of them from all over the world. Is that worth it?
Tax them competitively together, nations alone weak, together strong is what Macchiavelli said or maybe Planet of Apes one or the other.
Wealth taxes do not interact with investments.
They tax personal wealth, not profits.
Foreign investors who are not subject to your domestic wealth tax will invest in your country as long as it’s profitable enough.
Domestic investors would be subject to a wealth tax regardless of where they invest and will also invest in your country as long as it’s profitable enough.