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View Diary: Taxing The Rich The Only Solution To Our Systemic Inequality (44 comments)

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  •  Utahrd - I am confused (0+ / 0-)

    What will happen eventually?

    "let's talk about that"

    by VClib on Sat Feb 23, 2013 at 01:38:19 PM PST

    [ Parent ]

    •  Like 1970's British rock star tax exiles (1+ / 0-)
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      VClib

      No matter how moral it is to increase taxes on the rich, if taxes go too high, corporate executives can move assets and income overseas before I can finish typing this.

      I'm not saying taxes can't go higher.  But how much higher?

      •  Thanks Utahrd, that's what I thought (0+ / 0-)

        "let's talk about that"

        by VClib on Sat Feb 23, 2013 at 02:35:28 PM PST

        [ Parent ]

      •  Can. (0+ / 0-)

        Will only if you push them a LOT harder.  Because people get attached and have expectations about the place that they live.  Most particularly, rich people have certain expectations regarding infrastructure that, despite our overall deterioration thereof, can be met here and in a few choice places in the world -- all of which have higher taxes than we do.  Moving to the Caymans means giving up a beloved family home and getting used to an entirely different climate, not to mention people who don't even Look Like Us.  It's much more likely to be threatened than done.

        And if they move only the MONEY -- which of course they CAN do, with a keystroke or two -- well, the government has ways to cut that off entirely if they choose to use them.

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