[aamargulies]

A common objection is that the rich will 'just move' to avoid taxes. However, he goes in depth in his response, pointing out that the source of the wealth can't move, you tax that at the source.

https://youtu.be/t9l7AYl0jUE?si=LUU_8mUpxw0upPk4

[hollerith]

That only works if taxes aren't so high as to kill the incentive to create the source.

[aamargulies]

Here's perhaps a better link: Robert Reich refutes the top 12 myths about taxing the rich:

https://youtu.be/pnoLAMHwf2I?si=SApa_u3PGUZ-Y150

[NickC25]

There's an easy way to address this:

If a corporation "moves" oversees to avoid taxes, they aren't allowed to reap the benefits of the country whose taxes they wished to avoid.

If a billionaire moves to avoid taxes, they and their assets are cut off from the system whose taxes they wished to avoid. Oh, you want to move overseas but keep your money in banking institutions propped up by the US government? Too bad. You want your corporations to keep the full protection of the US government (intellectual capital protection, copyright, etc...)? Too bad! You want your company to take full advantage of all the US has to offer (great education system, a large consumer base, secure capital markets, a relatively stable government)? Too bad!

Most of these folks are just greedy fucks who know how good they have it...but somehow they want more, yet expect that people with exponentially less wealth will pay for it. I don't like that.

Note - the government isn't always the best at allocating capital or resources...but neither are private citizens or corporations.

[aamargulies]

The poor keep voting against their own interests and installing Republican/Tory governments that work to actively increase inequality:

https://www.youtube.com/watch?v=mn4daYJzyls

https://www.youtube.com/watch?v=jwqQvrqunp8