alt Hacker NewsThis has the same energy as "if we tax the billionaires, they'll leave". That statement and yours are wrong. Why? Because if it was profitable, they would've done it already. Pretty much any employer would use you as fertilizer if there was an uptick in the stock price.
But let's say it's true. Great. Punish them with tariffs. They also have diminished political power because they're no longer a local employer.
We are colletively at a breaking point as a society where people legitimately can't afford to exist in a society that will soon mint its first trillionaire. This is beyond even French revolution levels of wealth inequality.
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> We are colletively at a breaking point as a society where people legitimately can't afford to exist in a society
Aren't poverty rates being reduced basically everywhere and people getting richer across all deciles? The truth is that even if 90% tax rate was enforceable it would not change much - many problems plaguing societies right now are due to bad legislation and NIMBYs, with housing being the prime example. Somehow people want at same time: more houses, cheaper housing and as little new housing development as possible.
Fully agreed.
“Oh but businesses will leave”
Yeah so what, if they do, we either didn’t want them, or they _actually won’t_ despite the squealing, or they will go, and if their segment of the market is useful, will get snapped up by new/local versions which do respect local constraints from the get-go.
All of these are better outcomes than not doing anything because “what if”.