Governments say they can't tax the super wealthy more because they'll just leave the country but has any first world country tried it in the last 50 years?

[u/Discontitulated]

It would be interesting to see how raising taxes on the super wealthy actually affected a first world country's tax revenue and economy.

Are our first world economies really so fragile the rely on the super wealthy and their meager tax revenue?

[u/numbersthen0987431]

But that's the problem

The rich people extrapolate resources from 1 area, and then export them to a location that benefits them, and in the process they are removing those resources from the community they are taking them from.

It's similar to how mining CEOs literally rip resources from the ground and ship them other places. Increasing their own wealth, but never living in the area that is losing those resources.

[u/Randomn355 → u/numbersthen0987431]

Imagine if there was a way to focus where they moved that money to...

Hmm...

[u/Sea_Taste1325 → u/numbersthen0987431]

Uhhh. You understand most of that wealth wasn't held in Norway right?

You can't force repatriation of cash from a foreign country. Wars have been fought over that.