Icon Re: Yes, we'd disagree on that...
R
rosskolnikov (view)

World is likely too integrated now (economically) to return to the types of tax regimes discussed above, Heathcliffe.  While I'd be open to gradualism on that front (a kind of slow course correction), you already know what will happen if there are a aggressive and immediate moves too far in that direction.  Other countries will come-a-knockin', and wealthy individuals and companies will take their business elsewhere.  That's exactly what happened in France, or what started to happen in France, a few years ago.  And it was an economic disaster for them.  I would think there is a middle route, though, and the types of tax loopholes available to the wealthy in the US can be nauseating.

 

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.:RS:.
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