This is _precisely_ equal to saying 'Every person in this country has a right to all the labor & resources of everybody else, to be expropriated through the coercive power of the state, & redistributed as the state sees fit'. But I guess Bernie's version sounds better.https://twitter.com/BernieSanders/status/1168592173589094404 …
The US can decide it wants to be a fundamentally different kind of economy, but when you have serious candidates talking about functionally trapping wealthy people here under a 40% exit tax — terms to which they never agreed when they grew their wealth here — I have a big problem
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Right now the US shoulders a great burden in e.g. medical discovery for the rest of the world in exchange for a massive influx of global talent. I can understand why many people think this is a raw deal, but I don't think they understand the implications of rapidly opting out
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Combine a severe shift in the economic calculus behind starting or growing companies here with a demonstrated willingness to trap and dismantle personal wealth at the whims of the electorate and I think you have a recipe for absolute economic catastrophe
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I will very gently ask, go where? Meaning a location with stable govt, bevy of services, convenient travel options and minimal threats to personal safety. pretty much every location that fits that profile has by your framework unreasonable costs.
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I know expats to parts of Asia and South America (Panama and Costa Rica, chiefly) who are happy with the decision. No doubt considerable research would be involved. There's almost certainly a range of tax hikes that would be tolerable, but they'd have to be implemented cautiously
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40% sets you back a couple years at most if you are wealthy *and* still growing productively. otherwise if you are wealthy and not, i don’t see why you get to keep your stash
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This is mind-bogglingly false
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