this post was submitted on 05 Jan 2026
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So basically the governments of the uk and usa are always like 'ah we can't tax the rich because they'll run away and then we'll go from 10% tax effectiveness to 0%, when countries of a similar developememt level are already doing it and doing fine?
Apparently the US also has it (and I just read in a different 2025 article that the vast majority of expatriates do not have to pay it because they're not rich enough).