Oh no! The people exploiting us, hoarding our resources, and buying our politicians might leave? How terrible! |
Would I weep if Bezos and bimbo decamped? Not a single tear. But that’s not the point: if you’re counting on revenue from taxing them, it’s not good for your bottom line. And if you lose significant numbers of companies, then you’ve got even bigger problems. |
We can build new companies. We don't need people here who want to exploit the population, not uplift it. |
Yup, but if we overtax them, they won’t be built here and/or be able to sustain international competition. I’m not trying to be snarky and again, I do generally favor higher taxes. But I also recognize that there are limits imposed by reality, and that this is not a panacea for magically changing QOL for most Americans. |
There's a simple way for them to get out of exorbitant taxes. They could share profits with their employees and pay a living wage or they could reinvest in their company and the economy. If they want to hoard wealth like dragons, we will take it. And if not being able to exploit us and hoard wealth and buy elections means they leave, good riddance. |
+1 And if the government is going to tax then tax fairly. Let the billionaires and their buddies fail. New businesses will form. No heartbreak there. |
That money could be used in the US to help citizens here. I’m not crying for Argentina. Trump could ask Elon to scrounge Around for $20 billion in pocket change. |
Obama raised taxes on corporations. It increased tax revenue, profit did not decrease and the companies did not leave the US. We have real life example that proves you can raise taxes and companies will stick around. We also have the ability to disincentivize companies from decamping from the largest consumer economy in the world. |
Why can other countries take care of their citizens without collapsing, then? How do they do the impossible? |
They make trade-offs: more social support, but higher unemployment and lower overall growth (meaning less overall wealth and prosperity). They’ve also been able to minimize defense spending bc of the security provided by the US. |
??? Obama repeatedly tried to reduce tax rates on corporations. https://www.crfb.org/blogs/president-obamas-corporate-tax-reform-plan |
| The US is still the biggest economy on the planet, it's where the game is. I say raise taxes modestly on corporations, eliminate a number of loopholes and subsidies, also implement Warren's wealth tax - and at the same time set up severely penalizing taxes or other provisions that kick into effect if they attempt to offshore. Don't let them have their cake and eat it too. If you're an American company that offshores, you get stiff financial impacts. |
Because they have high taxes on the middle class. |
You are missing the fact that the reason they have this higher quality of life is because the U.S. pays for their defense. Billions and billions of dollars they should be paying for their military is being footed by the American taxpayer. |
+1German/South African Peter Thiel who bought JD Vance his Senate seat got dual citizenship in New Zealand while his Palantir makes hundreds of billions off American taxpayers while evading his own taxes in America. |