Quote:
Originally Posted by Frownland
I'd be fine with them moving, more room for me. Do we need to build a wall to keep the wealthy in?
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I'm sure the U.S. government would love to do that if they could wrap their heads around a better means.
For instance, you can give up your citizenship for just a few thousand dollars. However, there are supposedly large numbers of wealthy expats who give up their citizenship in the U.S. every year in order to start businesses oveseas. Why not replace the estate tax with something that targets those people instead as they "leave", AKA a better exit tax than what we have now? That would bring in way more revenue on an annual basis and it is nearly impossible to dodge.