Nah they are “illegal migrants”. There are places you can go and some you can’t and that applies to everyone. There’s a wide gap between “compassion” and “free for all anything goes”.

Oh please explain to me how marginal rates work… 🙄

If your marginal tax rate is already 30% and you decide to earn an extra $1, that $1 will be taxed at 30% and you get $0.70 in your pocket. That’s what “marginal” means.

“Taxing at 100% also brings no tax revenue” is already a stupid statement, and is Tautologically contradictory

It’s not. If you work 40h per week and can do overtime but that overtime is taxed at 100% (because yes, that’s what marginal rate means, it’s the rate the extra income will be taxed), virtually nobody will bother doing that overtime. The handful who do will probably not clock-in because anyway, there’s no point since it will bring no income after taxation.

You can’t because the French Constitution and Human Rights guarantee the right to private property and a fair and proportional taxation. And that’s likely similar all over the western world.

If your wealth is from owning a portfolio of apartment buildings, good luck taking those with you.

Sell it to a holding company incorporated abroad. Own shares of that holding company instead.

And only the US actually collects on it, because they are so at the heart of the financial world they can strongarm banks to report on their US clients.

Exit taxes are “one shot”. You pay them when you move out and then enjoy a lower taxation level for the rest of your life. Not much of a deterrent, at best a last ditch attempt at grabbing a few more dollars as your highest tax payers leave.

It’s not. If you accept that :

• Taxing at 0% brings no tax revenue
• Taxing at 100% also brings no tax revenue

Then you accept that between those two extremes there’s a tax optimum that for a given rate gives the most tax revenue. This is the Laffer curve.

That was only on earned income and with a starting point so high that at some point only one person ever reached it.

In my experience laser Brothers are still less fussy and way more reliable and durable than competing brands.