Comment on There are Minimum Wages, Why Not a Maximum Wage?

• merc@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

  But, if they tried to move to another country and renounce their US citizenship they’d have to pay an exit tax based on the entire value of their assets, including unrealized gains.

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  • TheObviousSolution@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

    Also gameable.

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    • merc@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

      Sure, everything is gameable if you’re a billionaire, but it would require clever lawyers and involve some risk.

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      • TheObviousSolution@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

        The biggest problem is that part of the way they usually game is by trying to create and promote a legal minefield by promoting footnotes in the law. Before you get to their armies of clever lawyers, you will be inundated with right issues from Accidental Americans.

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