Gonna make a law preventing them from moving away first? Your idea has been tried before. It reduces total tax receipts.

This article is about American wealth inequality so I’ll assume you’re talking about the US. The US already taxes global income, so moving away is not enough. You could renounce citizenship, but then you lose all the benefits of citizenship and you must pay capital gains an all assets whether you sell them or not.

The “they’ll just leave” argument doesn’t really hold up in this case.

There is not one discussion without this "argument".

But, let's say, they do. And they also have to stay out. Wouldn't that be.. kinda nice actually?

Your taxes would stay the same either way. Yes, of course, there would be less luxury spending, but the millions of normal people still exist. And they spend and they produce.

Why not let the ultra wealthy just leave and idk go to mars or something? Kick them out, seize their assets, run society without them if they do not want to be part of it anyway.

Seems unlikely all these people would give up living where they were socialized. Where was it tried before and fleeing observed?

I found a study saying the effect was minuscule in Norway, Sweden and Denmark https://taxjustice.net/wp-content/uploads/2024/08/Taxing-ext...

Hey so this isn't true. In places where they have researched this, a small number of people do move, but the additional tax of those who don't completely outstrips what was lost.

They can personally move, but they can't move the source of their wealth. Bezos can move, Amazon can't. Bezos moving away will only reduce his taxes if we let it.

Where are they going to go? If they wanted to go live in a 3rd world country with no taxes, they already would. Everyone is getting tired of their BS and your lame, repetitive arguments.

Moving from America? They'd still owe taxes.