Gregory's Server@stux The point of 50’s-era 90% marginal tax rates was to incent companies to invest money into their businesses. These investments were tax-deductible, thereby reducing taxes while providing a benefit to society. Merely reducing the marginal tax rate allows business and the wealthy to just hold the wealth, without producing any benefit to society. We should create a separate, higher rate structure for those who choose to leave the US while keeping all the benefits of being here.
@stux This could be in the form of much higher property taxes for assets valued at more than $100 million, or whatever high level is acceptable. Doesn’t matter where the ownership lies, the cost of protecting the asset, providing public services and access is still funded by such a tax. With a “penalty” for having foreign ownership instead of being fully in the US. Works exactly the same for any other country if they so choose.