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[return to "The U.K. closed a tax loophole for the global rich, now they're fleeing"]
1. spwa4+R2[view] [source] 2025-07-19 22:52:11
>>fortra+(OP)
I wonder what people actually think of this result. "tax-the-rich" makes very limited sense unless applied internationally. Many of the super rich are super rich because they have serious influence over, or outright control of foreign states (US rich are a large exception worldwide). Nobody in the US is even 1% as rich as Putin, or Xi, or frankly even just as rich as the grand duke of Luxembourg is.

You cannot tax these people directly, because they'll leave.

You cannot have international cooperation on tax treaties because these people control states.

In other words: you can only tax them either through war, or by totally blowing up trade relationships.

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2. andsoi+q5[view] [source] 2025-07-19 23:11:20
>>spwa4+R2
> Nobody in the US is even 1% as rich as Putin

Putin is estimated to be up to $200 billion in wealth.

The top 4 Americans are all more wealthy: Musk, Zuckerberg, Bezos, Ellison.

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