“Why should the rich get to take all that wealth with them when they move? Why should they be able to walk out of the country with resources that they have accumulated largely by dint of their history in the U.S.? We don’t let them walk out with a share of the mineral wealth of public lands or a piece of the interstate system. Exiting the country with all that property should surely count as theft. … The rate of the exit tax would reflect the proportion of wealth that is due to the lottery of birth. Of course, rich people have already paid some taxes on that wealth—so, in fairness, the top rate probably wouldn’t go above 50 percent.”
http://www.thedailybell.com/news-analysis/35859/Bloomberg-Calls-for-a-US-Exit-Tax-on-the-Horizon/
Related posts:
‘Make Trade, Not War’ is China’s daring plan in the Middle East
Jacob Hornberger: Robert F. Kennedy Jr. Is Roiling the Assassination Waters
Obama Has a New 401(k) – Yours
The Fed in Danger
When It Comes To Healthcare, Paul Krugman Is Wrong 100% Of The Time
Travelers in the VIPR's Nest
Just Wait Until Ferguson Police Get Federally Funded Drones
Neo-Con Revenge: Post-Election 'Attack Iran' Machine on Overdrive
Presstitutes Lie Through Their Teeth About House Intelligence Committee Report
Amazon.com Creates 5,000 Jobs, Destroys 25,000 in the Process?
Fury at the American Raj
Westerners Kidnapped in North Africa — but Is France the Real Target?
CFR's Leslie Gelb on Egypt: Hold Your Nose and Back the Junta!
Paul Craig Roberts: Washington Is Driving The World To The Final War
Emergency Powers Spell Corrosion of Liberty and Safety