Comment on But how would they be able to live on that?

lucid@programming.dev ⁨6⁩ ⁨months⁩ ago

Everyone that likes to parrot “tax billionaires gigantic sums of money” seem to miss the obvious counterpoint - if they get taxed too much, they’ll just leave and go to a country with a less gigantic tax burden. Which would be devastating for the US economy if they bring their companies with them. Can’t tax the rich if the rich aren’t here.

To be sure, the wealthy should be taxed more, but it has to be within a range where it won’t motivate them to get up and leave.

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