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What if the top ten percent of income earners all decided to move away?
If less than 10 percent of the population pay 80 percent of the taxes, what would happen if they finally said enough is enough and packed up and moved away?
Yea, I already know about the going away party and bla bla bla. What I am asking is a true assessment of economic impact. Would others simply step in and fill those positions and become the new 10 percent? What about all those businesses associated with that 10 percent, business is not really specific to any nation due to the global community. What would government do with an almost instant loss of 80 percent of its budget. Would our government even be able to function?
4 Answers
- Anonymous1 decade agoFavorite Answer
It would be likely that the government would not be able to properly function. Do note however that the government has been spending more than it has already. It would at least put a very large burden on the nation if such producers left.
Ayn Rand's book, "Atlas Shrugged" actually discusses this topic, though I don't want to spoil the story here. I would highly recommend reading it.
Source(s): RevereLiberty.com - BflowingLv 71 decade ago
Where would they move to? Unless you officially renounce your US citizenship, you still owe US income taxes wherever you live.
Any other decent country to live in, the taxes will be just as high.
And I bet there will be plenty of people willing to take their place.