This is an interesting idea. Not as much about billionaires, but about how regions race to the bottom to attract investment. Just like major sports franchises get insanely good tax treatment by moving or threatening to move theier team. Each city tries to give the better deal.
The idea that if the local gov doesn’t collect, the federal will should mostly put an end to that kind of thing. Ensuring that local governments get the funding they need.
Something like this, but just for business tax would be absolutely huge for US cities. It would also mean teams would go where the fans are, and businesses would go where the employees are.
This is an interesting idea. Not as much about billionaires, but about how regions race to the bottom to attract investment. Just like major sports franchises get insanely good tax treatment by moving or threatening to move theier team. Each city tries to give the better deal.
The idea that if the local gov doesn’t collect, the federal will should mostly put an end to that kind of thing. Ensuring that local governments get the funding they need.
Something like this, but just for business tax would be absolutely huge for US cities. It would also mean teams would go where the fans are, and businesses would go where the employees are.