Why not pay in shares?
Comment on Is it really possible to tax the rich?
JohnyRocket@discuss.tchncs.de 2 days ago
Every country would have to do it. A party here in Switzerland wanted to drastically increase inheritance tax for certain large inheritances, and the rich people threatened so hard to leave the country that everyone believed them and now nobody supports it anymore. (They said their children would not be able to pay the tax because most of their wealth is supposedly in company shares, so if they died their children would have to sell off the companies to Cineese companies which nobody in Switzerland liked to hear)
Tehdastehdas@lemmy.world 2 days ago
JackGreenEarth@lemm.ee 2 days ago
Yeah, then the corporations would gradually become public too, which would be beneficial.
orcrist@lemm.ee 2 days ago
Of course that’s not true. We have data from around the world showing it’s not true. It’s not even true within the United States if you look at state taxes.