Billionaire, morally defensible?

[motorbiking]

Unless they agreed to.

It would not be necessary for Afghanistan, Russia and Costa Rica to agree, since they do not have the characteristics necessary to attract billionaires.

Russia doesn't have Billionaires?

 

[JohnD]

...Where their property is unlikely to be seized. Where they are unlikely to be thrown into prison for lack of support to the ruler. Where the police and courts are not commonly corrupt....

Russia, eh?

 

[JohnD]

...Perhaps there is some way that the majority of Western European nations could form some sort of club, for their mutual benefit, and agree to align some of their tax regimes.

But wait! They already have!

Minimum Corporate Taxation

An EU Directive ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union

taxation-customs.ec.europa.eu

 

[motorbiking]

Corporation tax is not personal income tax.

 

[JohnD]

...and agree to align some of their tax regimes....

 

[motorbiking]

So irrelevant waffle then.

 

[ajohn]

Corporation tax is not personal income tax.

Germany uses a interesting progressive one where % rate is directly proportional to income up to some point where it becomes constant. France - suggests they like more babies to be produced. Scandinavian - generally higher, more charges and free health but one charges a rate for daily stays in hospital. Others - not sure. US shifts the tax burden well up the income range.

 

[Notch7]

It doesn’t matter what the richest people earn.
What matters is that those at the bottom should get enough.

The system should exist so that a person, maybe not very bright, can get a job as a manual worker and earn enough to live a satisfactory life.

We should not have a system where the lowest paid can’t heat their house or can’t afford enough to eat.

 

[motorbiking]

I know plenty of people who work in factories with mortgages, cars etc.. they just don't live in the SE.

 

[ajohn]

Wealth usually includes assets. Money - the most important aspect is what is done with it especially if there is mounds of it.
Some assets are productive. Some aren't.

 

[securespark]

The chances of me winning any big prizes are extremely slim, but if I did, I would give a great deal of it to charity. Regularly. If you win large sums of money, they generate large sums in interest.

Having had very little money and struggled at some stages in my life, nothing would give me greater pleasure than to help others.

 

[JohnD]

So irrelevant waffle then.

Co-ordination of taxes across an alliance of countries is not at all irrelevant

Though it's not something you like.

 

[JohnD]

I know plenty of people who work in factories with mortgages, cars etc.. they just don't live in the SE.

If you look at a million 60 year olds

And a million 30 year olds

One group had more luck buying houses and getting good pensions than the other.

You know that.

 

[JohnD]

Wealth usually includes assets. Money - the most important aspect is what is done with it especially if there is mounds of it.
Some assets are productive. Some aren't.

In the UK, most wealth is held in the form of pension funds and houses.

 

[motorbiking]

Co-ordination of taxes across an alliance of countries is not at all irrelevant

Though it's not something you like.

Doesn't matter if I like it or not - it's not happening. Not within the EU, not within the Euro states even.