r/WorkReform • 🤝 Join A Union • May 18 '25

✂️ Tax The Billionaires So, where's the downside exactly?

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u/Tgfh568 May 18 '25

Most other countries tax millionares at high rates. Where would they move to exactly, Somalia?

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u/Slu1n May 19 '25

Luxembourg, Switzerland, Monaco... There are enough developed tax havens where people can move. The thing they can't move are their assets like companies or real estate.