Well, I do know to avoid estate taxes some wealthy folks in America go off to places like Australia with their wealth so 400 million can pass for almost nothing.
As far as taking all these businesses out of the country, the downside is they give other Americans a market to fill and eventually laws would probably put large import charges on items to make being out of the country unthinkable.
One of the main unspoken purposes of the tax code for the government is to dictate businesses behavior by making companies have to operate around the written code.
Horsefeathers...to all of that gibberish!
I have a problem with taxing death. I would encourage wealthy folks to do so if this is possible.
As far as taking all these businesses out of the country, the downside is they give other Americans a market to fill and eventually laws would probably put large import charges on items to make being out of the country unthinkable.
I have no idea what thought you are trying to convey. If you are saying large import charges would be placed on imports because American production would have fallen by such an amount, that argument ignores that taking manufacturing out of the US may not be profitable in all instances.
One of the main unspoken purposes of the tax code for the government is to dictate businesses behavior by making companies have to operate around the written code.
Punative taxation can have a deterrent effect, however, the main purpose of the tax code is to create revenue. Regulation can be accomplished through other avenues, such as the EPA, OSHA, etc.