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They can move out of the country but they cannot move out of the world. An international wealth tax CAN be done, the only obstacle is mere political will.
And it must be said, the ability for the rich to take their assets and leave has been greatly over-stated, since much of it is in the form of land.
Extreme wealth must be taxxed, or we will all live in desperate poverty.
Exactly. Humanity will not survive like this. I have no problem with somebody building a successful business and making a few millions, but excessive wealth hording needs to stop. These people are holding essential resources of our planet hostage, while billions suffer.
They can't also move the assets that makes them rich. What's Amazon going to do? Close business in Spain to avoid the taxes??
the only obstacle is mere political will.
That's a pretty fucking big obstacle. This can only be done if all countries agree to it so with the growing number of countries taken over by right wing governments it's basically impossible. Even the Spanish government that proposed this has its days counted. This is a nice PR move, not a realistic proposal.
Every major political event in history was once an unrealistic proposal. Whether it can happen next week or not has absolutely no bearing on the fact that it must be done.
Reach out to your local political rep and tell them you support a wealth tax. Reach out to your local boomer FB page and tell them you support a wealth tax. Make the case. If public opinion and political opinion isn't there then there is work to do. Put away minor nit picks and technical problems, they absolutely do not matter in the grand scheme of things. Build the momentum, tax the damn rich.
Whether it can happen next week or not has absolutely no bearing on the fact that it must be done.
The fact that it must be done does not mean that it will be done. Of course you can hope that in some not-so-distant future we'll get there (I sure hope so) but as of now US, Russia, Middle East and parts of EU will not only not support it but will actively fight against it. Calling local reps and posting on FB will not change that. It's not a technical problem, it's reality. It's fine to express your support for the idea but it's also fine to be realistic about its chances.
While I despise the current Spanish government for being interested only in being in power (progressive here. They just lack a moral compass), if this comes to fruition it will be hard for conservatives to roll back. It would expose how tight a leash the oligarchs have on them.
Can you explain the significance of your xx in taxxed?
Rich and Super rich politicians claim to plan taxing the super super rich that pay for their campaigns, NGOs, and the media that gets them elected, attempting to capitalize off the Zeitgeist.
Excuse me if I don't hold my breath.
I really like the “grotesquely” descriptor. It fits a lot better than just “ultra wealthy” which doesn’t have the negative connotation it should
Agreed! I plan on using "the grotesquely wealthy" from now on, it conveys my visceral opinion of them.
he looks like one of those banker goblins from harry potter wearing a human disguise
Those banker goblins were a bit of a jew face.
Bezos just looks like terrible rich person.
Isn’t Spain’s left-wing government on the ropes with a corruption scandal, and likely to be replaced by a hard-right government soon?