Taryn East If the taxes in most EU countries weren't confiscatory,...

December 18, 2024 at 6:25 AM  ·  Comment — Archer T. Ships replied to Taryn East's comment.  ·  View on Facebook  ·  Markdown source

Taryn East If the taxes in most EU countries weren't confiscatory, the wealthy wouldn't be fleeing to the US, Switzerland and Dubai. https://archive.is/SQb6f https://www.cnbc.com/2024/06/18/millionaires-are-abandoning-the-uk-in-their-droves-new-research-shows.html https://www.seattletimes.com/nation-world/swiss-brace-for-flood-of-tax-leery-french/ In the US, the previous generation of successful entrepreneurs become the angel investors for the next generation. In the EU, those investors flee, so there's less seed capital for the next generation.