One can avoid a wealth tax by living in another country. One can’t avoid the inflation tax on US assets by moving to another country.
One can avoid a wealth tax by living in another country.
I don’t understand why this is necessarily true. What would stop the US from levying a wealth tax on US persons living abroad?
One can avoid a wealth tax by living in another country. One can’t avoid the inflation tax on US assets by moving to another country.
I don’t understand why this is necessarily true. What would stop the US from levying a wealth tax on US persons living abroad?