Gets even worse when you “raise taxes on the wealthy”. They just move more money offshore.
Imagine if they didn’t do that. Inflation would hit the moon
World government, please. The wealthy cannot be allowed to keep being a country of their own, free to dodge most taxes by electronically juggling assets between the Cayman Islands, the Cook Islands, Malta, Andorra, Bermuda, Ireland, Switzerland and every other tax haven.
The whole idea of punitive taxes is so dumb. Government doesn’t need more money to waste. Find smart ideas that force companies to use that extra cash on things like labor and investment that truly benefit the people.
The US taxes the global income of corporations though
5 comments
Gets even worse when you “raise taxes on the wealthy”. They just move more money offshore.
Imagine if they didn’t do that. Inflation would hit the moon
World government, please. The wealthy cannot be allowed to keep being a country of their own, free to dodge most taxes by electronically juggling assets between the Cayman Islands, the Cook Islands, Malta, Andorra, Bermuda, Ireland, Switzerland and every other tax haven.
The whole idea of punitive taxes is so dumb. Government doesn’t need more money to waste. Find smart ideas that force companies to use that extra cash on things like labor and investment that truly benefit the people.
The US taxes the global income of corporations though