"People are fed up with billionaires' greed eroding the environment and communities we depend on," said one supporter of the new initiative. "It's time for world leaders to listen and act."
An international wealth tax CAN be done, the only obstacle is mere political will.
There is real issues that need to be tackled, such as Ireland’s tax desert. There’s a couple of them around the world (around 20 countries do this iirc). I guess forcing them to close their tax deserts is difficult, because you’d either have to pressure them militarily or economically. Pressuring them militarily is a no-go in today’s time, and pressuring them economically might be challenging as these tax deserts could make a huge profit by offering lower taxes, and then taxing all the world’s rich, as they all move there.
I think the best course of action would be to exclude billionaires who do not pay a minimum amount of taxes in any country entrance to the domestic market, as they do not see themselves as a part of society, as they deny paying their fair share towards society, it’s fair to not let them participate in other parts of the society as well, such as doing business in your country. Business opportunity is a huge deal and very attractive for billionaires, who want to make even more money, so using that as leverage is very effective, i guess.
In other words, markets must be obstructed for investors who don’t pay their fair share in taxes.
There is real issues that need to be tackled, such as Ireland’s tax desert. There’s a couple of them around the world (around 20 countries do this iirc). I guess forcing them to close their tax deserts is difficult, because you’d either have to pressure them militarily or economically. Pressuring them militarily is a no-go in today’s time, and pressuring them economically might be challenging as these tax deserts could make a huge profit by offering lower taxes, and then taxing all the world’s rich, as they all move there.
I think the best course of action would be to exclude billionaires who do not pay a minimum amount of taxes in any country entrance to the domestic market, as they do not see themselves as a part of society, as they deny paying their fair share towards society, it’s fair to not let them participate in other parts of the society as well, such as doing business in your country. Business opportunity is a huge deal and very attractive for billionaires, who want to make even more money, so using that as leverage is very effective, i guess.
In other words, markets must be obstructed for investors who don’t pay their fair share in taxes.