ANOTHER ECONOMICS POLICY QUESTION
by Jnana Hodson
What if the One Percent moved out of the United States? Where would they go that wouldn’t tax them heavily? Much more heavily than here? Or where they wouldn’t gain so much from the public purse?
Or would they just huddle behind their own Big Wall – a much cheaper option than the one proposed for the southwest corner of the United States.
I presume they’d still be relying on our dollars, too. The kind the Treasury prints.
Besides, they couldn’t take all their assets with them. This is where their wealth’s generated, after all. Really. Even when their banks are Swiss.
As for the lunatic fringe? They would have real reasons to worry. Who else would back them, financially?