cross-posted from: https://lemmy.world/post/47196787
this post was submitted on 22 May 2026
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They can't leave when their businesses, properties, assets, and income are derived from your country. Much of it isn't easily movable, if at all. Most of a billionaire's wealth isn't in cold hard capital cash, it's in a mixture of assets and yearly income from said assets.
They can choose to leave, and live wherever they'd like to live. But their place of residence, if legislated properly, would have no bearing on wealth taxes instituted at the asset or income level. If we chose to tax them regardless of being domicile or not: it is a legislative choice.
It would have no bearing on whether we can still legally and feasibly tax the fuck out of them.
What you're saying is disinformation, friend. It serves the wealth class well when it's spread around. But if you stop and think about it as an idea for a second it quickly falls apart.
Nope. Most of a billionaire's wealth is in the form of stocks. This is true of any billionaire.
Stocks are financial assets.
Stocks don't even require moving afaik