• 10 Posts
  • 64 Comments
Joined 5 years ago
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Cake day: October 7th, 2019

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  • Dragon@lemmy.mltoLemmy Shitpost@lemmy.worldSaint Luigi
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    2 months ago

    As for the Capital flight, that is a myth

    I’m not sure it’s even negligible between countries, but I am specifically talking about capital flight between US states, where there is a very low barrier to exit. Do you have any reason to believe that isn’t a phenomenon?



  • Dragon@lemmy.mltoLemmy Shitpost@lemmy.worldSaint Luigi
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    2 months ago

    Under current economic conditions, economic wealth is necessary for the functioning of the economy. Some (including me) would advocate for a redistribution/government seizure of capital, but I don’t know of any economist who doesn’t see it as a problem if the wealth is lost altogether. If taxes are imposed on a national level, it is less likely that the wealthy will flee to other countries than it is if they are imposed on a state level. Unless the government seizes all capital, or bans capital flight, there will always be a risk of losing that wealth to emigration.



  • Dragon@lemmy.mltoLemmy Shitpost@lemmy.worldSaint Luigi
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    2 months ago

    I understand that it saves money overall. I don’t understand how it could save money for individual high-income tax payers. At some earning level, your taxes will be raised by more than you would pay for insurance. Even under a flat tax, that has to be the case, right? You would need a regressive tax to actually make it beneficial to every single resident.