https://jonathanturley.org/2021/03/...ould-convert-the-tax-code-into-a-canned-hunt/
I have seen some argue this tax would only affect a small group of people, those making over $50 million a year.
As it is pointed out, these people are mobile. While the proposed tax has a "captivity tax," the question I bring up is if all those people do up and leave, all that money sounds good, but how long would it last? And without those people to tax anymore, they just may lower the bar on the threshold of wealth.
I have seen some argue this tax would only affect a small group of people, those making over $50 million a year.
As it is pointed out, these people are mobile. While the proposed tax has a "captivity tax," the question I bring up is if all those people do up and leave, all that money sounds good, but how long would it last? And without those people to tax anymore, they just may lower the bar on the threshold of wealth.