Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax

  • givesomefucks@lemmy.worldOP
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    6 months ago

    It’s easy to say “We should tax the wealthy”, but hard to make good policy that can’t be gamed, especially when attempting to do it across multiple wealthy countries.

    That’s literally what Yellen is refusing to participate in…

    Like, the reason we can’t do it, is we’re not doing it…

    If that sounds confusing, it’s because there isn’t a logical reason not to do it, besides the wealthy may donate less money to politicians