"People are fed up with billionaires' greed eroding the environment and communities we depend on," said one supporter of the new initiative. "It's time for world leaders to listen and act."
They can move out of the country but they cannot move out of the world. An international wealth tax CAN be done, the only obstacle is mere political will.
And it must be said, the ability for the rich to take their assets and leave has been greatly over-stated, since much of it is in the form of land.
Extreme wealth must be taxxed, or we will all live in desperate poverty.
Exactly. Humanity will not survive like this. I have no problem with somebody building a successful business and making a few millions, but excessive wealth hording needs to stop. These people are holding essential resources of our planet hostage, while billions suffer.
An international wealth tax CAN be done, the only obstacle is mere political will.
There is real issues that need to be tackled, such as Ireland’s tax desert. There’s a couple of them around the world (around 20 countries do this iirc). I guess forcing them to close their tax deserts is difficult, because you’d either have to pressure them militarily or economically. Pressuring them militarily is a no-go in today’s time, and pressuring them economically might be challenging as these tax deserts could make a huge profit by offering lower taxes, and then taxing all the world’s rich, as they all move there.
I think the best course of action would be to exclude billionaires who do not pay a minimum amount of taxes in any country entrance to the domestic market, as they do not see themselves as a part of society, as they deny paying their fair share towards society, it’s fair to not let them participate in other parts of the society as well, such as doing business in your country. Business opportunity is a huge deal and very attractive for billionaires, who want to make even more money, so using that as leverage is very effective, i guess.
In other words, markets must be obstructed for investors who don’t pay their fair share in taxes.
They can move out of the country but they cannot move out of the world. An international wealth tax CAN be done, the only obstacle is mere political will.
And it must be said, the ability for the rich to take their assets and leave has been greatly over-stated, since much of it is in the form of land.
Extreme wealth must be taxxed, or we will all live in desperate poverty.
Exactly. Humanity will not survive like this. I have no problem with somebody building a successful business and making a few millions, but excessive wealth hording needs to stop. These people are holding essential resources of our planet hostage, while billions suffer.
There is real issues that need to be tackled, such as Ireland’s tax desert. There’s a couple of them around the world (around 20 countries do this iirc). I guess forcing them to close their tax deserts is difficult, because you’d either have to pressure them militarily or economically. Pressuring them militarily is a no-go in today’s time, and pressuring them economically might be challenging as these tax deserts could make a huge profit by offering lower taxes, and then taxing all the world’s rich, as they all move there.
I think the best course of action would be to exclude billionaires who do not pay a minimum amount of taxes in any country entrance to the domestic market, as they do not see themselves as a part of society, as they deny paying their fair share towards society, it’s fair to not let them participate in other parts of the society as well, such as doing business in your country. Business opportunity is a huge deal and very attractive for billionaires, who want to make even more money, so using that as leverage is very effective, i guess.
In other words, markets must be obstructed for investors who don’t pay their fair share in taxes.
Can you explain the significance of your xx in taxxed?