I don’t think there is a tax authority with the power to do that, not in the west.
Power is the answer, and I’m not sure any current governments have enough of it or the wherewithal to use it, certainly not globally.
They seem to be able to find a weak government and lawyer/accountant their ‘wealth’ to appear there.
Maybe somewhere like China can control it’s local billionaire problem more effectively than some others, but I don’t really know.
Tax alone isn’t the answer. if the richest man in the world were to pay 200 billions a year in taxes they would still be a billionaire and if these 200 billions ends up on building a ballroom for politicians not much is achieved.
A billion is an amount of money so ridiculous that it should simply be illegal to have that much.
Tax is the answer
I don’t think there is a tax authority with the power to do that, not in the west.
Power is the answer, and I’m not sure any current governments have enough of it or the wherewithal to use it, certainly not globally. They seem to be able to find a weak government and lawyer/accountant their ‘wealth’ to appear there.
Maybe somewhere like China can control it’s local billionaire problem more effectively than some others, but I don’t really know.
Tax alone isn’t the answer. if the richest man in the world were to pay 200 billions a year in taxes they would still be a billionaire and if these 200 billions ends up on building a ballroom for politicians not much is achieved.
A billion is an amount of money so ridiculous that it should simply be illegal to have that much.