What this means in practice, is that someone will make a billion dollars in Brazil, and then move and spend it all elsewhere, so they can continue becoming richer. This is bad for Brazil, since developing is expensive.
I agree, a 2% tax is barely anything and would only be just slightly better than absolutely nothing.
someone will make a billion dollars in Brazil, and then move and spend it all elsewhere
they do exactly that already. most of our oligarchs hate their own country and spend most of their time (and money!) in europe or something. really gross people in general.
2% isn’t enough. If that’s all you probably will just get capital flight.
to where? we are the biggest market in south america. good luck abandoning it because of a measly 2% tax.
i wish their capital would fly, we would probably take over that fucking space ourselves and do a better fucking job.
What this means in practice, is that someone will make a billion dollars in Brazil, and then move and spend it all elsewhere, so they can continue becoming richer. This is bad for Brazil, since developing is expensive.
I think a hard cap would be better.
I agree, a 2% tax is barely anything and would only be just slightly better than absolutely nothing.
they do exactly that already. most of our oligarchs hate their own country and spend most of their time (and money!) in europe or something. really gross people in general.
You could secretly take 90% and I’m convinced they wouldn’t even notice in their day to day
Lol, probably. You just have to get their accountants in on it.