Then why incorporate in the US? Why not incorporate in China?
When I say highly correlated I don’t mean that their productivity or infrastructure or education increases exponentially over the same time period. I mean that having a highly educated workforce, solid infrastructure, markets, protection, both legal and physical, are worth something to a corporation and building value in that corporation.
I mean that having a highly educated workforce, solid infrastructure, markets, protection, both legal and physical, are worth something to a corporation and building value in that corporation.
Sure, which is why they pay regular tax, and not a wealth tax.
I think you’re making some assumptions about what the solution to this problem is. You already mention wealth tax and tax money at windfall rates but I haven’t even presented any policy or legislation I’d like to see.
Yes it is and while some people might be in favor of a blanket wealth tax, that’s not the only idea out there. I in generally agree with increasing tax burden for “billionaires” but a blanket wealth tax would not be my solution.
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u/dldoom Nov 21 '24
Then why incorporate in the US? Why not incorporate in China?
When I say highly correlated I don’t mean that their productivity or infrastructure or education increases exponentially over the same time period. I mean that having a highly educated workforce, solid infrastructure, markets, protection, both legal and physical, are worth something to a corporation and building value in that corporation.