Where are the rich going to move their monies?
Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.
A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.
So anywhere else, is going to be preferable to here, under AOC's system.
The Rich are not going anywhere and there will still be plenty of loopholes. But there will be enough -also taxing giant corporations, to give us less inequality and more upward Mobility again...
How so, you ******* think giving more money to the government will make you rich?
Yeah, this is actually the part, that is most baffling to me.
You go and you look at government, and what do they do? They give money to all their buddies, all their special interest groups, all their political backers. You look at the 2009 stimulus package, billions in dollars given to the Unions for example. Did you see Union employees getting that money? You see GM auto workers, walking out with hundreds of thousands of dollars?
No, of course not. It went to the fat cat union bosses, the people who supported Obama's campaign. You didn't see a dollar going to the workers. Not a even a buck.
You see billions spent on Cash for Clunkers, and who got that money? The fat car company executives that cashed in. Even the trade ins, didn't really go to the poor, but rather some of the richest people, trading in their H1 hummer for a H2 hummer, which qualified under the program.
But the way you see these tax bigots react every time the tax rate is hiked or cut... you would think they had been hiding by the mail box, waiting for their big check to come in from government. Like every tax hike, they are moving out of their one-room apartment or something. As if a tax hike means, they'll magically collect a middle class income. Fools. All of them are fools.