It simply doesn't work, governments that have been co-opted by the bourgeoisie talking about taxing the bourgeoisie, joke! Another detail is that if they try to tax them they will flee to tax havens or create them
this post was submitted on 12 Mar 2024
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it works if its actually tried. You have to make it that having anything to do economically with a country results in tax. If they don't then that is fine as their money pool is now completely out of your system.
Another detail is that if they try to tax them they will flee to tax havens or create them
Taxing does work, but you have to do it across the board globally and don't allow countries to offer evasion.
The Netherlands is already thinking about how to create new tax exemptions to avoid having to obey the 15% minimum corporate tax globally. Our neoliberal government is always scheming like that 🤬 They undermine corporate taxes in other EU countries by giving the multinationals a cheap cop-out.
Right now they are planning to cash the 15% but to give money back the following year (called tax credits). I mean this law was finally there for a reason and now they find new loopholes.
Actually, fleeing to tax havens tends to be less of an issue for some nations. For instance studies and polling have found that the US would have to raise the top income tax bracket to something around 90% before you would loose more in people renouncing their citizenship than the government gained in the increase.
Corporate tax rate on the other hand is a whole lot more competitive, especially in places like the EU where import restrictions and terrifs are low or non existent.
Whole lot of repeating the usual rich people hate without getting to the text message part in the title. I gave up half way.
Did you give up halfway, or halfway through the first sentence? They literally talk about Brazil's plan being introduced to the G20 in the 3rd paragraph
Really dishonest to put Elon Musk in the thumbnail. He literally paid the largest tax bill in history, when he could have avoided paying.
He made considerably more than 30 billion that year. That number based on the 1/3rd the working class pays.
Taxes on the rich should go back to to 70% they used to be.
There were rich people back then, just like now.
My only quibble is that I think the top marginal rate should go back at least to the 94% it was in 1944, not just 70%. In fact, I'm not sure there is any reason the top marginal rate shouldn't just be permanently set to 100%, with the only variable being how high that margin is.
Oh I absolutely agree.
I only recalled at the time that it was at one point 70%, couldn't be arsed to research further at the time for a mere online comment.
You'd damn well hope that the richest person in the world would pay the most tax
But did he pay an equal relative amount compared to the working class?