You realise that they’ll not leave because it would be A LOT more expensive than just paying their taxes right ? Moving assets is expensive, they will not sell all their property, they will not move their companies. Them moving away is just propaganda for fools like you.
And in any case, they already don’t pay much, even if 1% of them move away, the tax income from the rest will make up for it.
Short term cost for long term profit. Look at all the companies that up and left Delaware after what their courts pulled with musks pay packet.
A wealth tax wouldn’t just be a one off thing either, so it might cost them 2x what they’d have to pay to leave, but that has paid itself off after 2 years.
Because it allows them to increase their wealth while lowering their taxes, and the assets and properties are not moving or changing hands (well, they kind of are by moving from holding A to holding B, but the holdings are still entirely within their hands). That’s the expensive part which justifies paying experts.
Look I’m not married to this argument about fleeing capital, I don’t think it’s convincing that everyone will run off to Sweden or whatever. I just think that whatever the solution is will not be the most obvious one that can fit on a t-shirt sold on Gary’s merch page. Imo Gary is a grifter and I don’t appreciate how he denounces the “academics in their ivory tower” while saying he’s got all the answers and it’s so important that the prime minister calls him for help.
I don’t really know the guy, he just pops up on my feed sometimes, so I have no idea if he’s a self important jackass or not. But he raises a lot of important questions with answers we already know to be part of the solution. Raising taxes, destroying inheritance above a certain threshold, the looming threat of extreme Victorian-like inequalities, are all valid points.
Yea I heard the same arguments from people defending Andrew Tate; “he’s got a good message about putting in the work to better yourself”. My response was always that this is basic life stuff you can get from a thousand other people who aren’t sex traffickers. Likewise Gary isn’t the first person to talk about these issues, he isn’t even the thousandth, he’s just the guy who dressed it up with populist messaging and a victim narrative that the elites are trying to silence him.
He has all the hallmarks of being a grifter like the Weinstein brothers, Jordan Peterson, or Tate. Decoding the Gurus have done a few episodes on him being a weirdo that are fun and informative https://youtu.be/Ttrab7AMn-M
Yeah because arguing about taxing the rich to prevent kids dying in the streets from tuberculosis is roughly the same thing as human trafficking or defending social darwinism. What the fuck ?..
You realise that they’ll not leave because it would be A LOT more expensive than just paying their taxes right ? Moving assets is expensive, they will not sell all their property, they will not move their companies. Them moving away is just propaganda for fools like you.
And in any case, they already don’t pay much, even if 1% of them move away, the tax income from the rest will make up for it.
Short term cost for long term profit. Look at all the companies that up and left Delaware after what their courts pulled with musks pay packet.
A wealth tax wouldn’t just be a one off thing either, so it might cost them 2x what they’d have to pay to leave, but that has paid itself off after 2 years.
According to Abigail Disney they already pay more to avoid taxes than the cost of the taxes themselves.
That’s absolutely not surprising. Paying for attorneys, transfer pricing experts, etc. would definitely cost a lot more
How is it not surprising when it contradicts your argument?
Because it allows them to increase their wealth while lowering their taxes, and the assets and properties are not moving or changing hands (well, they kind of are by moving from holding A to holding B, but the holdings are still entirely within their hands). That’s the expensive part which justifies paying experts.
Look I’m not married to this argument about fleeing capital, I don’t think it’s convincing that everyone will run off to Sweden or whatever. I just think that whatever the solution is will not be the most obvious one that can fit on a t-shirt sold on Gary’s merch page. Imo Gary is a grifter and I don’t appreciate how he denounces the “academics in their ivory tower” while saying he’s got all the answers and it’s so important that the prime minister calls him for help.
I don’t really know the guy, he just pops up on my feed sometimes, so I have no idea if he’s a self important jackass or not. But he raises a lot of important questions with answers we already know to be part of the solution. Raising taxes, destroying inheritance above a certain threshold, the looming threat of extreme Victorian-like inequalities, are all valid points.
Yea I heard the same arguments from people defending Andrew Tate; “he’s got a good message about putting in the work to better yourself”. My response was always that this is basic life stuff you can get from a thousand other people who aren’t sex traffickers. Likewise Gary isn’t the first person to talk about these issues, he isn’t even the thousandth, he’s just the guy who dressed it up with populist messaging and a victim narrative that the elites are trying to silence him.
He has all the hallmarks of being a grifter like the Weinstein brothers, Jordan Peterson, or Tate. Decoding the Gurus have done a few episodes on him being a weirdo that are fun and informative https://youtu.be/Ttrab7AMn-M
Yeah because arguing about taxing the rich to prevent kids dying in the streets from tuberculosis is roughly the same thing as human trafficking or defending social darwinism. What the fuck ?..