Will Raising Taxes Cause The Rich To Leave The United States Or Are They Bluffing?

So in fact you're being disingenuous. I thought so. You don't really believe higher taxes on the rich amount to nothing because of fictional loopholes?

Come on, own up. Your credibility, such as it is, is on the line.

 

Ban capital flight. Problem solved.

Your defintion of theft is, well, unusual even by libertarian standards, and that's a weird standard.

 

Actually every study rebuts this Tea Party meme. There is no evidence the rich emigrate from states for tax reasons more than any other reason. It makes no statistical appearance.

 

Where have you been?

Taxes in America are at the lowest point they have been in ages.

We are supporting sending work to Communist Countries, at the expense of our American free enterprise system.

Tax the heck out of any Chinese import.

Keep taxes high on any import from any country that doesn't adhere to the same environmental and worker conditions as Americans enjoy.

Then it's a level playing field for American Businesses to do business in America.

No, American Companies can't compete with government subsidized industries like China has, or other Communist countries.

I swear, I think the Republicans are secretly Communist themselves with how they love shipping our work to Communist countries.

 

There doesn't seem to be any of that happening. The rich stayed put during the Eisenhower years of 91% top marginal rates. The whole idea is fear mongering.

 

The rich currently are gaining more and more money. The gap between rich and poor is widening to ridiculous proportions. The rich getting more money has absolutely zero trickle down effect or any of those other economically bogus claims spewed out by people who have sold their opinions.

The rich won't leave. We used to tax them 70% and they didn't leave. I'm not saying we should tax them at 70% but for the love of crap the rich pay LESS taxes than the poor (mostly due to loopholes). If you make over 100,000 a year chances are someone who's making 95,000 a year is paying more tax.

Our system is backwards.

 

Don't you remember the Great Wealth Flight when Clinton passed that big tax increase in 1993, that led to a balance budget during the longest period of sustained growth in post WWII history?

Me neither.

 

Greece? Sierra Leon? Mongolia? How about Pitcairn Island?

 

Here's a fun game. Respond to what I actually said instead of what you made up. I did not reference billionaires but instead merely targeted my comments toward the vitriol against the 'rich' as evidenced in this thread.

And yes, many small business owners are rich by common standards.

 

So you think small business owners are "rich". Noted and rejected as silly.

We're talking about the top bracket, very wealthy people.

 

But property tax rates vary greatly by state, and it is significant that the states with the highest property tax rates tend to have the best economies, smallest governments and the fewest social problems, while the states with the lowest property tax rates have the biggest governments, the worst economies and the most social problems.

 

Somalia seems to be the choice of libertarian billionaires.

 

>>>I just hope the door doesn't hit 'em in the arse on the way out. They won't get a cushier deal anywhere and they know it.

 

Not at all. The U.s. pulls out all of the protections that it provides now to the companies that shirk their duties to pay taxes into a system they rely on.

 

What is your definition of rich? My boss runs a company of 20 people and makes a couple million per year.

I am not saying all small business owners are rich. I will say that many are rich by any reasonable metric.

 

That is fine because they still create jobs in the US and build their customer base.

If they move to other countries they cannot profit from unemployed Americans

The best move is to stay in the US and take less profits.

 

I would say anybody making a couple million a year in income is rich and isn't running a small company anymore. I don't think that's mystical.

You indicated that higher taxes on the rich would chase away all the small businesses. It sounds like you're backpedaling from that claim, which is all I wanted to hear.

 

Of course the wealthy will leave the US, just as they move their businesses and families from states like NY, NJ and California, to escape excessive tax burdens and regulation. If more people could afford to, I would venture to say they'd leave as well. The US isn't the "Land of the Free" anymore, there are other countries with both more personal freedom and financial freedom.

 

The answer to your question is, "No".

They will instead move from the high tax states like California to business-friendly Texas.

"The contrast is undeniable. Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California's jobless rate is 12% compared to 8% in Texas."

"Andy Puzder, the CEO of Hardee's Restaurants, was one of many witnesses to bemoan California's hostile regulatory climate. He said it takes six months to two years to secure permits to build a new Carl's Jr. restaurant in the Golden State, versus the six weeks it takes in Texas. California is also one of only three states that demands overtime pay after an eight-hour day, rather than after a 40-hour week. Such rules wreak havoc on flexible work schedules based on actual need. If there's a line out the door at a Carl's Jr. while employees are seen resting, it's because they aren't allowed to help: Break time is mandatory. "

Check this out!

 

The US has never been "Land of the Free". It's just a propaganda point.

 

Your opinion has been noted... and dismissed.

 

New Zealand stands ready to welcome rich American fugitives.

As long as they are potty trained and can speak English.

 

High taxes causes companies to move their home office to other countries, sometimes the bulk of their business. Then those same companies either higher local (not US) labor or outsource to countries like India, while they get the bulk of their materials from countries like China.

The US is the worlds biggest market, but companies don't have to be based here to make money here.

 

If you say so

http://voices.washingtonpost.com/annapolis/2010/03/ehrlich_marylands_millionaires.html

I know, there are a few studies by left leaning groups that belie the idea, but the numbers are pretty clear. Before the taxes are enacted one has one set of receipts and after less...

Blame it on alien invasion or Bigfoot if you want but the fact remains.

 

If you are not aware. The super rich and wealthy have left the USA in the 1990s and have off shore accounts. They only do buisness in the USA because they need the US government and taxpayer to support their goals and objectives to profit more and get richer at your expense. IF the USA falls, they have several places to live all over the world.

To understand the wealty and rich, you must know how they think. They are not simple minded.