Ramona Winkelbauer replied to the topic Are you taxed too much or too little? How much should the rich be taxed? in the forum Miscellaneous 8 years ago
I would posit that as soon as you pass such a law, the ‘super rich’ will move elsewhere.
E.g., Bono of U2 who lobbied Ireland to send tax money to Africa, found that Ireland passed such a ‘soak the super rich’ law and, surprize! Mr. Bono is now living in France, having moved kith, kin and “kattle” there. So, Ireland which funded his pet charity is taxing others for his ideas BECAUSE the ‘super rich’ are highly mobile and can move themselves and their possessions to other jurisdictions……
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