All we need is one government that taxes the super-rich to show that the story of instant capital flight is a fairy tale. There is no economically sound way to escape some form of wealth tax, and that’s what you hear when one is brought up.
That’s a good thing! Billionaires are not really afraid of taxes, what do they care if they have 25 or 24 billion? What difference does it possibly make?
I believe this is almost exclusively a Telegraph thing, and even then mostly in headlines. From their style guide:
“Percentages: per cent does not take a full point. Use pc only in headlines and % only in tables. In City page copy pc is acceptable.”
The same section of the style guide chooses to use hundredweights as an example unit of weight, so I definitely think there’s a significant degree to which they’ve just always done it and do not want to change it
All we need is one government that taxes the super-rich to show that the story of instant capital flight is a fairy tale. There is no economically sound way to escape some form of wealth tax, and that’s what you hear when one is brought up.
Spain did increase the tax on rich people, the number of billionaires still went up.
That’s a good thing! Billionaires are not really afraid of taxes, what do they care if they have 25 or 24 billion? What difference does it possibly make?
I believe this is almost exclusively a Telegraph thing, and even then mostly in headlines. From their style guide:
The same section of the style guide chooses to use hundredweights as an example unit of weight, so I definitely think there’s a significant degree to which they’ve just always done it and do not want to change it