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/AntiqueCheesecake503]

Every country should copy it at once, but doing it alone is heavily punished.

Are you willing to have your country threaten war over it? Because that's how you get every State to adopt a policy when those States don't want that policy. Or you recreate North Korea and Cuba through purposeful exclusion (which still hasn't actually succeeded).

[u/cagefgt → u/AntiqueCheesecake503]

He is, apparently.

[u/AntiqueCheesecake503 → u/[deleted]]

The assumption is that rich States want it, and poor States would see it as an opportunity to attract foreign capital, producing capital flight from rich States. Rich States then have two options to use on poor States to get them to want to do it.

[u/GeoLaser → u/AntiqueCheesecake503]

I did not see that at all I think you are wrong about that but I appreciate the context and idea.