If huge businesses in America are taxed for 60-90% will they leave? I always hear the argument if Bernie or whoever wins the election all these businesses will leave, but will they really leave one of their main audiences and will they actually do it or is it just a bluff?
One more thing has anything liked this in America happened and business left, give examples if you can thanks.
I mainly mean the country no states pic kinda related.
Yes if you make people's businesses(which were are already running at a rather low margin) unprofitable and remove their incentive they will seek refuge elsewhere.
Wtf do you think? Most businesses when you pay yourself, employees, all other costs(and there are MANY) you're left with not all that much.
And the huge ones don't like to get their money taken away to pay for nigs and single mothers(which is what Bernie will give it to).
They've already left, to places where they don't have to pay American workers and they don't have to pay taxes of any kind in some cases.
Maybe you've heard of it, it's called offshoring. Companies like for instance Apple are US companies any more only in fantasy. Currently may huge companies really don't pay their fair share, so your argument is weak at best.
No they wont. Even at a 99% tax rate.
A lot of the working population wouldn't be able to afford to move with them.
So even if they did leave, then more businesses would pop up and take their place to cater to a market of over 300 million and things keep going like normal.
>Implying that any of these companies would leave in the first place instead of just looking into a "loophole x" like they do now in order to avoid paying taxes.
Then it would have to be the former employees. It's obvious that foreign money wouldn't want to touch the market at those rates and the people still in the country still need to make a living.
If the former employees don't step up then they starve, an entire nation crumbles, and the whole argument is a moot point.