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Brazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says No (www.ibtimes.co.uk)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 4 months ago (17 children)

2% isn't enough. If that's all you probably will just get capital flight.

[–] [email protected] 18 points 4 months ago* (last edited 4 months ago) (2 children)

The proposal is for a globally-levied tax. Where exactly is capital going to fly to?

[–] [email protected] 16 points 4 months ago (1 children)

DPRK, they dont have income tax garf-troll

[–] [email protected] 10 points 4 months ago

Confused libertarian noises

[–] [email protected] 6 points 4 months ago* (last edited 4 months ago)

If they could get totally global coordination to work, sure. Every single nation signing up is a pipe dream though. If that's how the proposal was actually written it was never intended to pass.

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