They have to worry that higher taxes will cause the economy to slow down. Some economists think this is bullshit, and it probably is. But the wealthy will definitely find tax havens and bring their money there, wherever it is in the world. Look at Switzerland.
The problem is that the economy slowing down is the consequence of their bad budgeting. We can’t get out of the deficit without consequences.
However, the American consumer ultimately is a market for things, so whether or not that market is expensive or cheap, it’s worth being in the market.
The USA also controls its currency and its border. We can tax in ways that no other country can. We can just say, no, you can’t take your USA currency to overseas banks as a us citizen. And if you sell it to buy gold or something, that’s capital gains.
if only there were some way to prevent this…shame, regulating financial markets properly is one of those many (seemingly) unique problems only the US has
other countries financial markets are much more locked down relative to the US, especially after 2000-2008. or when they do allow for the real degenerate stuff…they try and limit the damage to just other gambling degenerates
naked shorting especially, banned or heavily restricted in most countries now…because…why the fuck should anyone be able to sell something they domt have again? which is still pretty much a free-for-all in the US.
this is by design though, our unregulated financial markets is why the US acts is the world center for “finance”. our markets essentially act as the worlds largest casino, where all the richest degenerates come to gamble trying to make their lines go up more than everyone elses.
the average american worker simply acting as regular exit liquidity, via the 401k shit the Carter/Rockefeller congress passed
They have to worry that higher taxes will cause the economy to slow down. Some economists think this is bullshit, and it probably is. But the wealthy will definitely find tax havens and bring their money there, wherever it is in the world. Look at Switzerland.
The problem is that the economy slowing down is the consequence of their bad budgeting. We can’t get out of the deficit without consequences.
However, the American consumer ultimately is a market for things, so whether or not that market is expensive or cheap, it’s worth being in the market.
The USA also controls its currency and its border. We can tax in ways that no other country can. We can just say, no, you can’t take your USA currency to overseas banks as a us citizen. And if you sell it to buy gold or something, that’s capital gains.
Let’s do it.
if only there were some way to prevent this…shame, regulating financial markets properly is one of those many (seemingly) unique problems only the US has
Genuinely curious how it seems unique to the US. To me it seems unique to the global elite.
other countries financial markets are much more locked down relative to the US, especially after 2000-2008. or when they do allow for the real degenerate stuff…they try and limit the damage to just other gambling degenerates
naked shorting especially, banned or heavily restricted in most countries now…because…why the fuck should anyone be able to sell something they domt have again? which is still pretty much a free-for-all in the US.
this is by design though, our unregulated financial markets is why the US acts is the world center for “finance”. our markets essentially act as the worlds largest casino, where all the richest degenerates come to gamble trying to make their lines go up more than everyone elses.
the average american worker simply acting as regular exit liquidity, via the 401k shit the Carter/Rockefeller congress passed