this post was submitted on 19 Mar 2025
209 points (99.5% liked)
Political Memes
7900 readers
1943 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I am not opposed to inreasing taxes necessarily, but people need to understand that the income of wealthy individuals is not used purely for the fulfilment of their needs and wishes. Rich people play a rather important role in allocating and managing resourses(capital) in society, and increasing the taxes will decrease the capability of rich people to invest, which is not ideal.
Also, if the tax increase is percieved to be unfair, rich people can just leave and go to Monaco or Switzerland or any other "rich friendly" country. They are pretty much free to do so and they do it all the time. So increasing taxes will not necessarily lead to more tax revenue if they are increased above what is reasonable.
I am so happy karma is not a thing here btw. I would be in an unenviable position otherwise.
They can go where they please but taxes are inevitable.
How so? Income taxes are only paid in the country of residence.
This is completely false. US citizens must file taxes and are liable for income taxes no matter where they live.
https://www.irs.gov/individuals/international-taxpayers/us-citizens-and-residents-abroad-filing-requirements
Edit: I also know this because I recently filed my US taxes from my full-time residence in Germany.
This is not "completely false", this is "almost entirely correct".
I am aware of that fact, but this is just a single country. Also you can renounce your citizenship.
This is also false. You can't just renounce your citizenship if you want to. To renounce US citizenship you must submit an application and appear in person for affirmation. They will not approve your application if you don't have a second passport or citizenship somewhere else. They aren't going to just make stateless people.
Well no shit, but you can buy citizenship. It is not difficult.
Then you probably know how prohibitively expensive it can be, especially if you want access to developed nations like in Europe. So this isn't even an option for the vast majority of American citizens. I know you're not responding in good faith so I'll just drop it.
We are talking about rich people leaving the country by the way.