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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 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 5 months ago* (last edited 5 months ago) (1 children)

to where? we are the biggest market in south america. good luck abandoning it because of a measly 2% tax.

i wish their capital would fly, we would probably take over that fucking space ourselves and do a better fucking job.

[–] [email protected] 2 points 5 months ago* (last edited 5 months ago) (1 children)

What this means in practice, is that someone will make a billion dollars in Brazil, and then move and spend it all elsewhere, so they can continue becoming richer. This is bad for Brazil, since developing is expensive.

I think a hard cap would be better.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago)

I agree, a 2% tax is barely anything and would only be just slightly better than absolutely nothing.

someone will make a billion dollars in Brazil, and then move and spend it all elsewhere

they do exactly that already. most of our oligarchs hate their own country and spend most of their time (and money!) in europe or something. really gross people in general.