mike wallace had on a biden economic advisor touting the global tax, anew....

You probably mean Chris Wallace.

Two peas in a pod.

Wealthy people are not going to like this one bit. They'll have to hide out in non-G20 countries. The knock on effects that go downstream could get ugly.

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Apparently g20 is on board.

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I don’t believe it.

Yes

This is exactly why marxism must be a global movement. Exactly. There can be no havens, or everybody will flee to the havens. That’s not because marxism is attractive. Marxism is something to be escaped.

In this case, as in all others, capitalism will eventually win out because capitalism depends on human nature instead of fighting it. When leaders in Mexico, or India, or China, or all of them realize they can become extravagantly wealthy at the expense of U.S. policy, they’ll do it.

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This is exactly why marxism must be a global movement. Exactly. There can be no havens, or everybody will flee to the havens. That’s not because marxism is attractive. Marxism is something to be escaped.

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That's why Marxists have to build walls to keep people in while America builds walls to keep them out (or at least used to).

Raising corporate and capital gains taxes will not attract capital and will probably drive capital away

It tends to find it’s path of least resistance

Investors get pissed when their invested money is not treated like it matters

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Uh since all manufacturing is/or is moving to the 3rd world, shouldnt you make certain chini,vietnam, bangladesh, mexico, etc are on board? Or is that the plan, move all US business to china and then say oops?

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A global minimum tax isn't going to curb an abundance of cheap labor. It will be more disruptive to tax haven Hong Kong than China.