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Brazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says No
(www.ibtimes.co.uk)
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2% isn't enough. If that's all you probably will just get capital flight.
The proposal is for a globally-levied tax. Where exactly is capital going to fly to?
DPRK, they dont have income tax
Confused libertarian noises