gnutrino@programming.devtoNews@lemmy.world•Billionaire wealth surges to 'unimaginable' levels in 2024 as Oxfam predicts emergence of five trillionaires within a decadeEnglish
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11 days agoThey’re not going to go to Haiti though, they’re going to go to Monaco or Switzerland or Ireland or The Netherlands. That’s my point, for this to work all of the “developed” nations need to agree despite having a massive financial incentive not to.
Because, as I said, if they instead tax 98% of their wealth then all the billionaires will move there and they’ll get 98% of a lot more while everyone else gets 99% of nothing. Until a country works out they could get 97% of all that wealth to themselves and so on and so forth until you get down to the sort of tax levels we actually see. It’s just basic game theory in the end.