I hope all the idiots who voted for Nobama are happy.
FUBO
What the rich CEASE INVESTING IN THE UNITED STATES?
Who is John Galt?
Ross Perot got it partly right — “That sucking sound you hear are jobs [and capital] leaving the US.”
RE: But what if more of them start to leave?
The question is WHERE TO ?
Most countries are doing WORSE than the USA economy-wise.
Are they going to China ? where there is practically little freedom of speech ?
Are they going to India ? the Philippines ? They better think twice because they aren’t any better than the USA.
Our system is getting worse, no doubt about it. But it’s still a whole lot better than MOST other countries out there. The grass isn’t really any greener on the other side.
Look at what’s happening in Maryland. Rich are moving out of that state.
Where are they going?
Europe traded the energy of its Jewish population
for decapitating, law hating Islamic immigrants.
America will trade its innovative cream of the crop for
a hoard of decapitating, law hating criminal illegal aliens.
"One thing we are confused about is whether this law is a preamble, or already incorporates, the flow of non-cash assets, such as commodities, and, thus, gold. If an account transfers, via physical or paper delivery, gold from a domestic account to a foreign one, we are not sure if the language deems this a 30% taxable transaction, although preliminary discussions with lawyers indicates this is likely the case."
It's Official - America Now Enforces Capital Controls (The Obama Fascists destroy Investing)
The Left always emphasizes the sin of greed and overlooks envy. Well, Jesus said the poor you’ll always have with you but he didn’t say that about the rich.
“let’s pass enough laws to make sure that no one is allowed to get rich in the first place!”
Implicitly, that’s exactly what we’re doing. Why should anyone be surprised at the natural consequence of this administration’s hostility to evil profits and the corporations that pursue them? As Winston Churchill once said: “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
Being a land of opportunity is in direct conflict with Obama’s goal of “spreading the wealth.” Whereas Europeans favor trading freedom for economic security, Americans historically have cherished the freedom to pursue their own happiness. This has resulted in much greater social mobility (and happiness) than in more static societies where class differences are more deeply entrenched.
Tell that to the many people who work 60 to 80 hours (or more) per week to get ahead.
We are talking about income here, not wealth. Why is it a virtue to take money from people who work hard and give it to people who don't work hard?
They would just be following the international corporations who no longer consider themselves American. When the object of life is to accumulate more and more money, tax all money leaving the country.
If you are a US citizen and leave the US, you are subject to income taxes for 10 (?) years. You must pay your taxes regardless of where you live, where you make money, and where you park your money.
That is to say that you are the property of the US government. Capital Controls only extend this concept. I don’t really understand HOW that can be constitutional, but who am I?
You cannot just leave the US and setup shop elsewhere anymore (not that there is anywhere to go). You become a criminal the year you make money outside the US and don’t report it.
They really don’t have to leave. They will just invest most of their money out of the country. Ted Kennedy and the whole Kennedy family already does this. Look at Soros, most of his money is not in this country. No taxes on that money.
Its not fiction anymore
Who is John Galt?
Where are they gonna go?
The worst thing about taxing income on rich people, is that it just encourages more to be “idle rich”, and a country cannot survive that. That is one thing the class envious just don’t get.