Well sure they don’t flee New York, California and other places where despite high taxes they can still make large amounts of money. Simply because most of development is there. If they can make 50k a month and pay 50% taxes in NY (just an example) compared to 10k and 10% taxes somewhere else (they would just stay).
However, this is not California/NY and you can easily check what high taxes do here. People register companies in Ireland and Cyprus, so they can pay the least taxes possible. Then, due to european union being european union, they can operate in their home country.
We’ve already established that taxes on the rich/corporations that are used to improve the standard of living of the citizens of the country does increase development and stimulate the economy. Do you have any sources to back up your views? Because so far they don’t seem based on any real world data
This still works because you haven’t gone too far. You kept it at a reasonable rate where moving is less advantageous than paying higher taxes. At some point, this will shift.
Not true, High Taxes Don’t Make Rich People Move
Europe disagrees, infact they site that increasing access to good public housing is critical for the economy going forward
Well sure they don’t flee New York, California and other places where despite high taxes they can still make large amounts of money. Simply because most of development is there. If they can make 50k a month and pay 50% taxes in NY (just an example) compared to 10k and 10% taxes somewhere else (they would just stay).
However, this is not California/NY and you can easily check what high taxes do here. People register companies in Ireland and Cyprus, so they can pay the least taxes possible. Then, due to european union being european union, they can operate in their home country.
We’ve already established that taxes on the rich/corporations that are used to improve the standard of living of the citizens of the country does increase development and stimulate the economy. Do you have any sources to back up your views? Because so far they don’t seem based on any real world data
This still works because you haven’t gone too far. You kept it at a reasonable rate where moving is less advantageous than paying higher taxes. At some point, this will shift.
Here are some examples: