But people really argue this. The argument usually goes, “if you tax billionaires in a sufficiently rigorous way, then they will leave the country and their money will go elsewhere.”
Which ignores the fact that 1) They already attempt to pay zero taxes, 2) There is no point in having billionaires here if we can’t tax them properly and, 3) Billions of dollars can only be amassed on the back of rampant exploitation: billionaires shouldn’t exist in the first place.
But people really argue this. The argument usually goes, “if you tax billionaires in a sufficiently rigorous way, then they will leave the country and their money will go elsewhere.”
Which ignores the fact that 1) They already attempt to pay zero taxes, 2) There is no point in having billionaires here if we can’t tax them properly and, 3) Billions of dollars can only be amassed on the back of rampant exploitation: billionaires shouldn’t exist in the first place.