Exodus? What exodus? With
America now as she is, where would the refugee rich go?
"Oh, lots of places have
lower tax rates." I do not doubt that taxes are low in the Congo. But
these people want a certain lifestyle. Even more so, their wives and children,
especially their daughters, do.
They can get it in precisely two
cities on earth, one of which is in the United Kingdom while the other is in
the United States, a country to which many of these Russians and Arabs, in
particular, will already have been refused entry, or else they would already be
in New York rather than in London.
London may be stuck with them.
But they are stuck with London. Therefore, they are stuck with whatever tax
regime we choose to impose. They have nowhere else to go.
Exactly. And in any event, the rich often get what they want for their tax money. In New York City, the police department is essentially on the payroll of Wall Street and does its bidding dutifully, for example spying on essentially harmless left-wing activists.
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