Mamdani, the presumptive Democratic nominee to be the next mayor of New York and a self-identified democratic socialist, said Sunday billionaires contribute to inequality.
That’s the neat thing, they won’t. It’s pretty easy to apply a high tax on moving away. In fact the USA of all places do just that.
Also, what do rich people possess? Assets. Physical assets. A big part of that is real estate, owned privately or by companies they own. There’s no taking that with you. They can sell their assets and try to take the money with them, but that means the society they leave gets it’s assets back.
Lol, no. This is a strawman argument. Billionaires will absolutely not give up their precious connections and real estate to live on a private island or move away. Even if 50% would do that (lmao never) the tax would still be a huge benefit. Even without the money, not having these greedsacks meddling with local politics and laws would be a dream.
It doesn’t matter where they live. If the US exerts pressure on whatever country the money is in they can and would get that money back. They’re somehow able to freeze the accounts of Russian oligarchs so they’s no reason to believe they couldn’t do it with Bezo as well.
That’s fine, billionaires do not add to an economy, they drain it. So if they leave it will remove a useless burden on the economy and whatever country is dumb enough to take them in can deal with them instead. Meanwhile, if they are pulling money from our country we can find ways to tax it and prevent them from draining our resources (and yes, money is a resource like any other).
They will just live in other countries if being a billionaire is illegal.
They can live where ever they want. The assets are here and we can tax them here.
That’s the neat thing, they won’t. It’s pretty easy to apply a high tax on moving away. In fact the USA of all places do just that.
Also, what do rich people possess? Assets. Physical assets. A big part of that is real estate, owned privately or by companies they own. There’s no taking that with you. They can sell their assets and try to take the money with them, but that means the society they leave gets it’s assets back.
Lol, no. This is a strawman argument. Billionaires will absolutely not give up their precious connections and real estate to live on a private island or move away. Even if 50% would do that (lmao never) the tax would still be a huge benefit. Even without the money, not having these greedsacks meddling with local politics and laws would be a dream.
It doesn’t matter where they live. If the US exerts pressure on whatever country the money is in they can and would get that money back. They’re somehow able to freeze the accounts of Russian oligarchs so they’s no reason to believe they couldn’t do it with Bezo as well.
That’s fine, billionaires do not add to an economy, they drain it. So if they leave it will remove a useless burden on the economy and whatever country is dumb enough to take them in can deal with them instead. Meanwhile, if they are pulling money from our country we can find ways to tax it and prevent them from draining our resources (and yes, money is a resource like any other).
That’s the idea I think.
As long as they stop siphoning money from us, I’m fine with that
Hopefully the corrupt ones go to China or Vietnam because they’re not afraid to give corrupt billionaires the death penalty.