If they could actually get that to work, sure. Every single nation signing up is a pipe dream though. If that’s how the proposal was actually written it was never intended to pass.
What this means in practice, is that someone will make a billion dollars in Brazil, and then move and spend it all elsewhere, so they can continue becoming richer. This is bad for Brazil, since developing is expensive.
I agree, a 2% tax would still be just slightly better than nothing.
someone will make a billion dollars in Brazil, and then move and spend it all elsewhere
you are 100% accurate, they do exactly that already. most of our oligarchs hate their own country and spend most of their time (and money!) in europe or something.
Capital flight only exists where it is allowed to exist. It is possible and, in fact, advisable to have laws allowing for the seizure of assets in such a scenario.
That depends on if you do or do not want to fight a global revolutionary war against the bourgeoisie, since they would never allow such a thing to succeed in their liberal republics
It’s countless layers of hypotheticals away from reality and I think recommending bourgeois governments liquidate their bourgeoisie is silly in the way that, in medieval times, recommending the kings of the world abolish noble titles and the monarchy is silly, you aren’t going to get these institutions to just kill themselves. What I support is the proletariat, by reason of having class antagonism with the bourgeoisie, fighting a war against the former’s control of the state.
2% isn’t enough. If that’s all you probably will just get capital flight.
The proposal is for a globally-levied tax. Where exactly is capital going to fly to?
DPRK, they dont have income tax
Confused libertarian noises
If they could actually get that to work, sure. Every single nation signing up is a pipe dream though. If that’s how the proposal was actually written it was never intended to pass.
to where? we are the biggest market in south america. good luck abandoning it because of a measly 2% tax.
i wish their capital would fly, we would probably take over that fucking space ourselves and do a better fucking job.
What this means in practice, is that someone will make a billion dollars in Brazil, and then move and spend it all elsewhere, so they can continue becoming richer. This is bad for Brazil, since developing is expensive.
I think a hard cap would be better.
I agree, a 2% tax would still be just slightly better than nothing.
you are 100% accurate, they do exactly that already. most of our oligarchs hate their own country and spend most of their time (and money!) in europe or something.
Capital flight only exists where it is allowed to exist. It is possible and, in fact, advisable to have laws allowing for the seizure of assets in such a scenario.
At that point you’re not talking about 2% anymore, though, so it’s not really relevant here.
No, the 2% is for the ones who obey the law, and is enforced with something more like 100% for those who break the law.
Why not just 100% across the board?
That depends on if you do or do not want to fight a global revolutionary war against the bourgeoisie, since they would never allow such a thing to succeed in their liberal republics
But you do, so what’s the problem?
It’s countless layers of hypotheticals away from reality and I think recommending bourgeois governments liquidate their bourgeoisie is silly in the way that, in medieval times, recommending the kings of the world abolish noble titles and the monarchy is silly, you aren’t going to get these institutions to just kill themselves. What I support is the proletariat, by reason of having class antagonism with the bourgeoisie, fighting a war against the former’s control of the state.
What do you support?
You could secretly take 90% and I’m convinced they wouldn’t even notice in their day to day
Lol, probably. You just have to get their accountants in on it.