Comment on Gary Stevenson: 'Tax wealth or we'll return to the feudal age'
GoatSynagogue@lemmy.world 3 weeks agoWealth taxes are never one off. They might get a big payday once, but then thousands of people have lost their jobs, 50% of the income tax is now gone from the books for the next year, along with all the other business related taxes.
Most places would love billionaires to move in, because then they get enormous amounts of extra tax revenue and, typically, jobs.
HexesofVexes@lemmy.world 3 weeks ago
Hang on - so you’re saying that when a billionaire sells something it ceases to exist? Surly not!
You might be suggesting that a billionaire creates jobs that vanish when they leave, however that’s not likely to be the case. Got any data to back that figure up?
GoatSynagogue@lemmy.world 3 weeks ago
They don’t sell, they move. All those jobs and taxes move somewhere else.
HexesofVexes@lemmy.world 3 weeks ago
Still waiting on the source of your 50%.
GoatSynagogue@lemmy.world 3 weeks ago
You never asked. You said that billionaires don’t take their companies out of state/country. You thought that they would just leave them there lol. I shows you that they don’t and now you switch arguments 🤣