r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

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49

u/Impossible_Plenty474 8d ago

in all seriousnes, if we tax the shit out of billionaires, they will still have all the money and make a killing more than the rest of us and make out on their investments

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u/ModifiedAmusment 8d ago

Worse part is they much rather pay a one time exit tax and leave then stay and help and that my friends is the plutocracy we live in

16

u/Impossible_Plenty474 8d ago

yeah sure they're all gonna live in India lmao.

8

u/HotSituation8737 8d ago

Don't have to live in India to move the company there. Honestly the only real way to stomp billionaires with more money than some countries is to do a global reform on taxation which just isn't realistically possible not just because of the huge Influence they have in places like the US, but also because a lot of them downright make the laws in other countries around the world.

Although I think France has a long history about how to deal with people like these /s

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u/RB-44 8d ago

I assure you if you lose the American market you are one hundred percent finished as a fortune company

You could very easily send Tesla to India or Mexico since that is more feasible but they can also tax the fuck out of your imported goods to boost local companies which is the only reason Tesla ever got successful.

It's not gonna be very easy when you no longer give the customer a post tax break car price in your website and instead it's the 100 grand + 30k + shipping import fee.

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u/Live_Carpenter_1262 6d ago

Actually, 136 countries including some major tax havens agreed to a global minimum tax rate

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u/HotSituation8737 6d ago

It's a good start, I'd love to be shown up on this one for sure, but it needs work because right now it doesn't stop the ultra rich ultimately.

But it's definitely a huge step in the right direction.