Socialism

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Beehaw's community for socialists, communists, anarchists, and non-authoritarian leftists (this means anti-capitalists) of all stripes. A place for all leftist and labor news and discussion, as long as you're nice about it.

Non-socialists are welcome to come to learn, though it's hard to get to in-depth discussions if the community is constantly fighting over the basics. We ask that non-socialists please be respectful and try not to turn this into a "left vs right" debate forum by asking leading questions or by trying to draw others into a fight.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

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Billionaires Hate This One Weird Trick: Taxing Them (jacobin.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 8 months ago

Actually, fleeing to tax havens tends to be less of an issue for some nations. For instance studies and polling have found that the US would have to raise the top income tax bracket to something around 90% before you would loose more in people renouncing their citizenship than the government gained in the increase.

Corporate tax rate on the other hand is a whole lot more competitive, especially in places like the EU where import restrictions and terrifs are low or non existent.