Keep repeating it’s “nonsensical” doesn’t make it nonsensical.
It’s not my repetition that makes it nonsensical, it’s the fact that assets are purchased with already-taxed money. Having to pay the government for the ‘privilege’ of continuing to own what you’ve purchased, in perpetuity, is nonsensical, full stop.
Capital flight since the ISF wealth tax’s creation in 1988 amounts to ca. €200 billion; The ISF causes an annual fiscal shortfall of €7 billion, or about twice what it yields
And it’s very telling that linking to speculation about some arbitrary future date is your response to being called out on your lies re the trends of life expectancy, educational attainment, and poverty. Your inability to own up to any of your falsehoods makes you pointless to continue engaging with. The statistics are crystal clear—your assertions are demonstrably bunk.
This reply serves only to directly contradict the most obvious additional falsehoods, for others who may read this exchange, before I move on.
It’s not my repetition that makes it nonsensical, it’s the fact that assets are purchased with already-taxed money. Having to pay the government for the ‘privilege’ of continuing to own what you’ve purchased, in perpetuity, is nonsensical, full stop.
Tell me you don’t have a damn clue how very large wealth works without telling me you don’t have a damn clue how very large wealth works.
Capital flight since the ISF wealth tax’s creation in 1988 amounts to ca. €200 billion; The ISF causes an annual fiscal shortfall of €7 billion, or about twice what it yields
Unfortunately for you, he never could never prove the relation between taxes and wealthy people leaving, making this an interesting paper, but not a consensus, even today.
In addition, this has mitigations: bind the tax to the citizenship (what the US is already doing for income), and/or apply a 5 years term before you have “escaped” the tax. Again, both considered manageable by economists.
Your inability to own up to any of your falsehoods makes you pointless to continue engaging with. The statistics are crystal clear—your assertions are demonstrably bunk.
Not sure if you in denial or bad faith. Doesn’t matter.
This reply serves only to directly contradict the most obvious additional falsehoods, for others who may read this exchange, before I move on.
Well, since it starts with you explaining you had no idea what you talked about the whole time, yes, it’s preferable.
It’s not my repetition that makes it nonsensical, it’s the fact that assets are purchased with already-taxed money. Having to pay the government for the ‘privilege’ of continuing to own what you’ve purchased, in perpetuity, is nonsensical, full stop.
And this was the result (emphasis added):
And it’s very telling that linking to speculation about some arbitrary future date is your response to being called out on your lies re the trends of life expectancy, educational attainment, and poverty. Your inability to own up to any of your falsehoods makes you pointless to continue engaging with. The statistics are crystal clear—your assertions are demonstrably bunk.
This reply serves only to directly contradict the most obvious additional falsehoods, for others who may read this exchange, before I move on.
Tell me you don’t have a damn clue how very large wealth works without telling me you don’t have a damn clue how very large wealth works.
Unfortunately for you, he never could never prove the relation between taxes and wealthy people leaving, making this an interesting paper, but not a consensus, even today.
In addition, this has mitigations: bind the tax to the citizenship (what the US is already doing for income), and/or apply a 5 years term before you have “escaped” the tax. Again, both considered manageable by economists.
Not sure if you in denial or bad faith. Doesn’t matter.
Well, since it starts with you explaining you had no idea what you talked about the whole time, yes, it’s preferable.