SinceSlicedBread - written 11/17/05
The Service Employees Union is looking for ideas to help the country. They are offering a prize of $100,000 for the best one. www.SinceSlicedBread.com
My post is:
Tax money leaving the country
Submitted by Les V. in Hawaii
Americans invest everywhere in the world, but only investments in America provide a multiplier effect to the economy.
Those who chose to move their money out of the U.S. should be charged a 45% surcharge as their $'s won't be providing that multiplier. Of course foreign nationals should be able to remove their money with a minimum of taxes so that they continue to invest in our country. This should apply to individuals, businesses, and funds. Alas, it's too late to apply to all products, like the founding fathers suggested, but it should apply to any transfer of funds greater than $15,000 / year. (So foreign travel is still possible)
I would expect that this would discourage capitol flight, and provide jobs for americans.
My post is:
Tax money leaving the country
Submitted by Les V. in Hawaii
Americans invest everywhere in the world, but only investments in America provide a multiplier effect to the economy.
Those who chose to move their money out of the U.S. should be charged a 45% surcharge as their $'s won't be providing that multiplier. Of course foreign nationals should be able to remove their money with a minimum of taxes so that they continue to invest in our country. This should apply to individuals, businesses, and funds. Alas, it's too late to apply to all products, like the founding fathers suggested, but it should apply to any transfer of funds greater than $15,000 / year. (So foreign travel is still possible)
I would expect that this would discourage capitol flight, and provide jobs for americans.
posted by Les at
5:25 PM
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