Originally posted by Sirotnikov
I'm not talking about filthy rich folkes.
I'm talking about a principle.
Can Bill Gates set up his own state in the middle of the USA? Can he get away with being king? Can he get away with murder?
Yes, Bill Gates can, and then he can deny any state the right to tax his holdings, he can move his assets into any other state he wants, without a by your leave from any states hes the resident of.
Rich folks already try to do this, and to use tax havens, and such, but this would open up many more such possibilities, and would be especially helpful to folks who have fixed assets that cant easily be moved to a tax haven.
Rich folks already try to do this, and to use tax havens, and such, but this would open up many more such possibilities, and would be especially helpful to folks who have fixed assets that cant easily be moved to a tax haven.
I'm not talking about filthy rich folkes.
I'm talking about a principle.
Can Bill Gates set up his own state in the middle of the USA? Can he get away with being king? Can he get away with murder?
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