Mamdani, the presumptive Democratic nominee to be the next mayor of New York City and a self-identified democratic socialist, on Sunday said billionaires contribute to inequality.
That’s the neat thing, they won’t. It’s pretty easy to apply a high tax on moving away. In fact the USA of all places do just that.
Also, what do rich people possess? Assets. Physical assets. A big part of that is real estate, owned privately or by companies they own. There’s no taking that with you. They can sell their assets and try to take the money with them, but that means the society they leave gets it’s assets back.
That’s the neat thing, they won’t. It’s pretty easy to apply a high tax on moving away. In fact the USA of all places do just that.
Also, what do rich people possess? Assets. Physical assets. A big part of that is real estate, owned privately or by companies they own. There’s no taking that with you. They can sell their assets and try to take the money with them, but that means the society they leave gets it’s assets back.