Ah, okay, I see what you mean. I suppose they might affect someone’s decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.
To be clear, I do broadly support wealth taxes, I just think they need to be implemented quite carefully to be effective.
I suppose they might affect someone’s decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.
I honestly don’t understand what you mean by that.
You don’t have to a citizen or resident of a country to invest there. Citizenship or residency has no influence on investment decisions beyond perhaps some sense of patriotism.
The point was that it does not affect investment decisions
Ah, okay, I see what you mean. I suppose they might affect someone’s decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.
To be clear, I do broadly support wealth taxes, I just think they need to be implemented quite carefully to be effective.
I honestly don’t understand what you mean by that.
You don’t have to a citizen or resident of a country to invest there. Citizenship or residency has no influence on investment decisions beyond perhaps some sense of patriotism.
But people with the means to do so can change their citizenship and residency from a country with wealth taxes to a country without them
Yes, and I still don’t see how this is supposed to affect where they invest their money.
It won’t. But it will reduce the effectiveness of the wealth tax.