☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 5 months agoBrazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says Nowww.ibtimes.co.ukexternal-linkmessage-square44fedilinkarrow-up1134arrow-down15
arrow-up1129arrow-down1external-linkBrazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says Nowww.ibtimes.co.uk☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 5 months agomessage-square44fedilink
minus-squareGarbageShoot [he/him]@hexbear.netlinkfedilinkEnglisharrow-up17·5 months agoCapital flight only exists where it is allowed to exist. It is possible and, in fact, advisable to have laws allowing for the seizure of assets in such a scenario.
minus-squareCanadaPlus@lemmy.sdf.orglinkfedilinkarrow-up1arrow-down3·5 months agoAt that point you’re not talking about 2% anymore, though, so it’s not really relevant here.
minus-squareGarbageShoot [he/him]@hexbear.netlinkfedilinkEnglisharrow-up11·5 months agoNo, the 2% is for the ones who obey the law, and is enforced with something more like 100% for those who break the law.
Capital flight only exists where it is allowed to exist. It is possible and, in fact, advisable to have laws allowing for the seizure of assets in such a scenario.
At that point you’re not talking about 2% anymore, though, so it’s not really relevant here.
No, the 2% is for the ones who obey the law, and is enforced with something more like 100% for those who break the law.