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Overnight Open Thread

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Hengineer2/19/2010 9:08:56 am PST

re: #764 Guanxi88

Eh, I’ll let it drift.

Suffice to say, wealthy people - and their businesses - can and do leave places with high rates of taxation and move to places with lower rates. Further, suffice to say that you could tax the ever-loving shit outta the top 1% and still not ahve anything like enough money to get the job done. There’s just not enough of ‘em, and once they get hip to the fact they’re getting killed tax-wise, they’ll shut down, throw their money into Municipal Bonds, and call it a day.

Happens all the time:

“Hallo, I am Dell Tech Support I am from Bombay, how can I help today you?”