No matter how you tax, the asset-owning class is almost guaranteed to remain in place, because the vast majority of their assets are physical, and cannot be easily moved except at much greater expense than any tax.
I mean, if offshoring took 75 years to achieve, what makes you think that any member of the Parasite Class will be able to pack up and leave within a decade, much less a half decade?
It costs ridiculously insane amounts of money to move a business down the street, and you’re keeping the same employees, and not re-training an entirely new batch of replacements in the new location.
About the only “asset” that can “leave” with anything approaching sub-decade immediacy are the purely digital ones, with a business that is 100% Internet-based and without any physical assets of any kind, where you can spin up a new offshore server and migrate the services to it with just a few mouse clicks.
And those are vanishingly few in number. Most so-called “Internet companies” still have oodles of physical assets, from offices (where return-to-office mandates force employees back into) to land to physical servers sitting in data centres.
And in the end, we have the most telling question: what is the difference with the wealthy leaving due to a tax, and failing to implement that tax in the first place?
NOTHING.
There are no downsides, only upsides. Either they leave and open up room for another entrepreneur to thrive in that spot, or they stay and pay the tax.
Either way, nothing of value is lost by wealth taxation.
Pause for a moment and consider the mere plausibility of the claims in the first few paragraphs: The effect size for antidepressants is 0.4, but the effect size for Vitamin D is 1.8? Are we to believe that Vitamin D supplements have an effect size 4.5X larger than antidepressant drugs, and nobody noticed this massive discrepancy until now?
Effect size is also a favorite metric in this vein of supplement-over-pharma writing because it’s so commonly misunderstood and it’s so easy to find small supplement studies that have outlier effect sizes.
To put it in context, even common OTC pain meds can have effect sizes lower than 0.4 depending on the study. Have you ever taken Tylenol or Ibuprofen and had a headache or other pain reduced? Well you’ve experience what a drug with a small effect size on paper can do for you.
Please be very careful when someone tries to tell you that supplements are miraculous and pharmaceutical drugs don’t work at all. I know too many people who delayed trialing SSRIs for years due to internet driven fears and lost many years of their lives to depression based on content like this. People with cabinets full of dozens of supplement bottles that were chosen based on studies, too. Then they finally decided to try real antidepressant medications and wished they’d done it sooner.
As much as I wish we could all just cure depression by taking a simple Vitamin D supplement that has 4.5X higher effect size than antidepressant drugs, this claim just isn’t passable.
People constantly say you should do three things if you are depressed. Go outside (vitamin D), exercise and socialize.
Often times exercising occurs outside as well.
Dangerous, probably but they can't stop us all. Pointless? https://en.wikipedia.org/wiki/French_Revolution, https://en.wikipedia.org/wiki/American_Revolution.