It would cause them to move to a country without such regulation. Maybe somewhere in Africa or Southeast Asia, or South America. Though maybe there they lose a bunch of their money to corruption so overall it’s a win.
If billionaires decide to leave the country then the factories and businesses run by workers producing the billions they made will remain. You can’t pick up a building and take it with you.
It’s exceedingly rare that they actually do this because they don’t want to live in a third-world country. The irony, ofc, is that their actions are turning the U.S. into one.
If that were true, they would have already done it.
They scream about taxes and such, but they know that they are in the very best country in the world to get super wealthy. It’s relatively easy to get access to money, systemic corruption is relatively low, and legal bribery is build into the system. The government is literally based on Capitalism.
Sure, they threaten to leave if their billion dollars is threatened with a 1% increase in taxes, but they won’t, because they know that the American economic system is what gave them the billion dollars in the first place. They’re just being whiney little bitches.
These people will lie to you to make you help them get what they want, at YOUR expense. You aren’t obligated to believe them, or help them.
This what they so to literally every positive economic policy ever discussed and yet every one of those places still has rich people and overinflated companies. Maybe we should stop believing their lies?
It would cause them to move to a country without such regulation. Maybe somewhere in Africa or Southeast Asia, or South America. Though maybe there they lose a bunch of their money to corruption so overall it’s a win.
If billionaires decide to leave the country then the factories and businesses run by workers producing the billions they made will remain. You can’t pick up a building and take it with you.
It’s exceedingly rare that they actually do this because they don’t want to live in a third-world country. The irony, ofc, is that their actions are turning the U.S. into one.
If that were true, they would have already done it.
They scream about taxes and such, but they know that they are in the very best country in the world to get super wealthy. It’s relatively easy to get access to money, systemic corruption is relatively low, and legal bribery is build into the system. The government is literally based on Capitalism.
Sure, they threaten to leave if their billion dollars is threatened with a 1% increase in taxes, but they won’t, because they know that the American economic system is what gave them the billion dollars in the first place. They’re just being whiney little bitches.
These people will lie to you to make you help them get what they want, at YOUR expense. You aren’t obligated to believe them, or help them.
This what they so to literally every positive economic policy ever discussed and yet every one of those places still has rich people and overinflated companies. Maybe we should stop believing their lies?