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/biz/ - Business & Finance


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13652537 No.13652537 [Reply] [Original]

>Taxing the rich doesn't work.

Why do people keep saying this? Has it ever actually been tried? What were the results?

>> No.13652545

>>13652537
because rich can move to whatever place they want
if you tax rich 80% they'll just move to singapore

>> No.13652550

you live in a globalized world, they are the first with the power to flee out

>> No.13652551

>>13652537
ban the rich is the way

>> No.13652646

>>13652537
>Has it ever been actually tried
The highest income tax bracket in England peaked at 99.25% in WW2 and stayed at 90% through the 60's. George Harrison wrote Taxman after discovering this