People keep saying "If we do a wealth tax, rich people will leave the country"
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@pezmico It's the hungry entrepreneur with a big dream, limited resources, and determination that make a nation economically. Not the rich. They've already made their money and are more risk aversr. That's why the "Golden Visa" to attract rich immigrants is a dumb idea.
It's worse than that, the filthy rich elite never risk their wealth on long term projects that benefit the country instead they buy state owned assets or competitive businesses to kill opportunity for the rest of us and competition. By controlling the market are able to profiteer on the basic costs of living.
For example Graeme Hart purchased the New Zealand Government Printing Office in 1990 for for $23 million. #NZPol
Graeme Hart is now *estimated to have pilfered $10.2 billion.
*Edited from "worth"
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It's worse than that, the filthy rich elite never risk their wealth on long term projects that benefit the country instead they buy state owned assets or competitive businesses to kill opportunity for the rest of us and competition. By controlling the market are able to profiteer on the basic costs of living.
For example Graeme Hart purchased the New Zealand Government Printing Office in 1990 for for $23 million. #NZPol
Graeme Hart is now *estimated to have pilfered $10.2 billion.
*Edited from "worth"
@jeremy_pm @Iveyline @pezmico Are you sure “worth” is the right word? Maybe “has” would be better?
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico The Riches have a lot of good stuff they want to destroy before they go to their private fortresses in Hawaii or Uruguay or New Zealand or wherever. There's no point in building one of those retreats if you don't screw up the rest of the world first.
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@jeremy_pm @Iveyline @pezmico Are you sure “worth” is the right word? Maybe “has” would be better?
@98Percent @jeremy_pm @Iveyline @pezmico
Strongly agree. I find myself internally rewriting 'worth'most times I see it in these contexts.
I should list the alternatives I land on sometime. "has" is neutral enough to be a catch all. What I aim for is something that hints at something being 'off' without being libellous. -
People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico Two words: "exit tax"
I highly suggest a more strict policy around leaving.
Hoarded wealth is always gathered using many accounted and unaccounted supports from all of society.
The idea that rich people have created all their wealth with the hard work of their bare hands needs to end. I'm not saying they shouldn't be rewarded, but wealth should flow to all of society pretty shortly afterward. -
It's worse than that, the filthy rich elite never risk their wealth on long term projects that benefit the country instead they buy state owned assets or competitive businesses to kill opportunity for the rest of us and competition. By controlling the market are able to profiteer on the basic costs of living.
For example Graeme Hart purchased the New Zealand Government Printing Office in 1990 for for $23 million. #NZPol
Graeme Hart is now *estimated to have pilfered $10.2 billion.
*Edited from "worth"
I hate that use of language. Graeme Hart is not *worth* $10.2 billion. Graeme Hart is not worth anything more -- or less -- than any other human being.
Graeme Hart may *have acquired* $10.2 billion, and, if so, seeing there's no honest way of acquiring wealth at that rate, it's reasonably certain that he *has stolen* most of it.
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I hate that use of language. Graeme Hart is not *worth* $10.2 billion. Graeme Hart is not worth anything more -- or less -- than any other human being.
Graeme Hart may *have acquired* $10.2 billion, and, if so, seeing there's no honest way of acquiring wealth at that rate, it's reasonably certain that he *has stolen* most of it.
@simon_brooke @Iveyline @pezmico
Yes, I'm well aware of framing of worth, it was the wrong choice of words - I blame the source of the information for my mistake.
I could go back and edit the word "worth" perhaps "has hoarded" would be more appropriate, but then what would we have to talk about?
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico spoiler*… they don’t leave (sadly).
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico, yes, it's a misconception that the rich are big spenders.
If you already have everything... -
People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico Well... That's kind of the point... Contribute or find another place to leech off of.
Also nothing a well designed (and actually enforced) exit tax won't handle.
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico
If only it was that simple! -
It's worse than that, the filthy rich elite never risk their wealth on long term projects that benefit the country instead they buy state owned assets or competitive businesses to kill opportunity for the rest of us and competition. By controlling the market are able to profiteer on the basic costs of living.
For example Graeme Hart purchased the New Zealand Government Printing Office in 1990 for for $23 million. #NZPol
Graeme Hart is now *estimated to have pilfered $10.2 billion.
*Edited from "worth"
@jeremy_pm @Iveyline @pezmico
I approve the edit of "worth"
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico Yeah, I say we take the risk.
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico so, we get money to do stuff with *and* they stop hoarding all the houses? What are we waiting for?
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It's worse than that, the filthy rich elite never risk their wealth on long term projects that benefit the country instead they buy state owned assets or competitive businesses to kill opportunity for the rest of us and competition. By controlling the market are able to profiteer on the basic costs of living.
For example Graeme Hart purchased the New Zealand Government Printing Office in 1990 for for $23 million. #NZPol
Graeme Hart is now *estimated to have pilfered $10.2 billion.
*Edited from "worth"
@jeremy_pm @Iveyline @pezmico a quote that I was reminded of last night… hasn't aged one second
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People keep saying "If we do a wealth tax, rich people will leave the country"
And I'm like "Maybe, if we get lucky. But let's try it first and see how we go."
@pezmico
Like oh no, the people who extract and hoard the value of other people's labour out of our economy might leave and stop doing that if we ask for some of it back. -
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