Cross-posted from: https://lemmy.dbzer0.com/post/34117495

[OC]

Original still created by @gedogfx (IG). Title source: “Inkl”

Edit: I’m not on any other social media platforms, so feel free to share this elsewhere if you want

  • @orrk
    1•18 hours ago

    Under current economic conditions, economic wealth is necessary for the functioning of the economy

    is it required? to an extent, yes. but do we need 60% of everything to be owned by 10% of the population?

    As for the Capital flight, that is a myth, even the implementation of straight wealth taxes don’t see great multimillionaire migrations, because taxation isn’t a very strong factor, in fact a golf course or tow is a stronger pull, example Scotland vs Ireland when the UK was still part of the EU saw more ultra wealthy live in Scotland, a region with a higher tax rate, than Ireland, primarily for golf courses.

    • Dragon
      1•17 hours ago

      As for the Capital flight, that is a myth

      I’m not sure it’s even negligible between countries, but I am specifically talking about capital flight between US states, where there is a very low barrier to exit. Do you have any reason to believe that isn’t a phenomenon?