• Peaty@sh.itjust.works
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      1 year ago

      Wikipedia is not a great source for things like this. In fact it does not support the notion that there is no capital flight.

      Given your comments here Im not sure you are in a position to determine how educated people are on taxation.

        • Peaty@sh.itjust.works
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          1 year ago

          Your first source states that it does not impact entrepreneurship which is not a point I addressed but does not support or refute your claim.

          Your second source are non-experts as lawyers are not economists and this is a question of economics not law.

          So again what is going on is that you do not have the level of understanding you think you do. Rather than recognizing that lack of understanding and taking a chance to learn you have decided to double down on the idea that you are correct when you have made it abundantly clear that you have no education in macroeconomics.

            • Peaty@sh.itjust.works
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              1 year ago

              My solution is higher marginal tax rates and estate taxes because those do work.

              Your confidence is misplaced because you clearly demonstrate that you have no idea what you are talking about. You can change that if you want to appear like you have a valid opinion.

                • Peaty@sh.itjust.works
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                  1 year ago

                  Those are income taxes not wealth taxes. Income is the money you are making in x amount if time. Wealth is the total summation of everything you have.

                  If you don’t know the difference between them you shouldn’t be talking about economics at all. It would be like not knowing what a baseball is versus a baseball bat and then maintaining your take on the infield fly rule is correct.