this post was submitted on 05 Nov 2025
1620 points (99.3% liked)
Microblog Memes
9598 readers
2120 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is similar to how rich people will threathen to leave a country if taxes for them go up yet never do, because they live were they live and do business were they do business because of how good for them it is to live there and how much more profitable it is to do business were people are more prosperous and the Law actually works.
Turns out that such people want the quality of life they get living were they are and the juicy profits from operating their businesses there, whilst not paying for what makes it all possible themselves and thus be parasites on the rest, is just the cherry on top: they have no problem in saying whatever it takes - because talkie-talkie costs them nothing - to keep on getting that quality of life and profits whilst somebody else pays for the conditions that make it possible, what they're not fine with is the actually doing what they say they will do because if they do act as they threathen, it will cost them said quality of life and profits.
Unsurprisingly (for those who question things a bit further and don't just accept at face value the theatrics of society's top parasites) that "Paradise" free of "government oppression" called Somalia has failed to attract any of those those who claim they will leave the place were they live and do business when society elects somebody who will make them pay their fair share for that quality of life they so enjoy.
Tl:dr rich people are crybabies? Who knew.
Even rich people who moved to texas from california like rogan and musk constantly bitch about how much texas sucks.
You get what you pay for.
I'm curious what they bitch about. Aside from the weather, and the way the lower masses are treated (which they would be happy about, I thought), I don't know of much difference in the two besides the very thing they said they moved away for. Texas has every modern amenity you could dream of in its metropolises.
Dallas is nothing like Boston, my friend. The environment is important, not just the "amenities".
It's flat and featureless. There is practically no public land besides a few national and state parks, so you can't actually go to those places you see from the road. You'll get shot for trespassing. Cookie cutter mcmansions for a kings ransom everywhere. Slow traffic in cities, huge trucks doing 100mph in the country. And to top it off, some of the most ignorantly, arrogantly, self-righteous people you'll ever meet.
"And to top it off, some of the most ignorantly, arrogantly, self-righteous people you'll ever meet. "
I lived in Dallas during the 90s, when the Cowboys went on their Superbowl run. It was hell.
Why would a billionaire care about any of those things? WTF does Musk or Rogan care about public land? They can buy as much land as they want and have it all to themselves. They probably prefer less public land, since that (usually) can't be bought
McMansions everywhere are probably what they want too. They want to live in a giant mansion
What do they care about traffic? They take private jets everywhere
Ignorant, arrogant, and self-righteous is Musk and Rogan's entire personality
IDK, seems like a great place for those two
Can't take a private jet from your mansion in the gated community to your high-rise in the city. Traffic sucks for everyone where it sucks.
(not that I give a fuck if it sucks for shit-sticks like Musk and Rogan)
Can't take a private jet, but you can take a helicopter
That being said, does traffic suck for a billionaire? They can have a big vehicle with a driver. Could easily be effectively an office for them. I wouldn't care much about traffic if I didn't have to do the driving
I wasn't giving their reasons. Those are mine.
By their nature, billionaires are insatiable. Of course they're bitching. Nothing can ever be good enough. But yeah, Texas sucks.
do they? I gotta see this
Around the world, rich people often do relocate personally for tax purposes. One of the reasons we don't often see rich people in the United States do this is that we have incredibly low taxes compared to the rest of the world. And that's just nominal tax rates; in practice the super-rich pay almost nothing, which makes it even weirder how rabidly anti-tax they are.
There is quite a bit of business relocation that happens because companies are lured to different locales through tax abatements.
The much, much bigger reason we don't see that in the US is that the US is the only country in the world that can, and does, tax citizens living abroad. Anyone trying to avoid US taxes would have to renounce US citizenship
The US only taxes the difference between the country's tax amount and the US tax amount, at least. Someone living in Sweden may not have to pay anything while someone in Thailand may owe most of their taxes to the US. It still is wild that they demand tax money from citizens all over the world though.
That is true, although I doubt many rich people care where the tax money goes. They just care about the amount they get taxed
... and would then pay a hefty exit tax.
I'm not convinced on the "only country that can" part though.
Huh, TIL. Didn't realize the US had an exit tax. Sounds like it forces a sale of US based assets when you renounce citizenship, then you have to pay taxes on that
On the people side, the ones who would do it are already doing it: for example rich people who go live in Monaco 6 months a year to have residence there. The one's who aren't doing it and simply bitch and moan about it seldom tend to start doing it because they prefer the lifestyle of being were they are rather than the "live in your yacht of the coast of Monaco".
As for businesses, they only ever do it when they can still keep operating with the same advantages in their original markets whilst paying all taxes elsewhere that is cheaper. In regimes were taxation isn't actually based on "place of sale" but instead on HQ location, the move their HQs to reduce the tax they pay but they don't actually move their businesses. Such moves indicate that tax legislation is actually not taxing the doing business (i.e. their actual selling) but something else and thus need fixing.
It's incredibly rare for a business to actually stop selling altogether in a country merely for tax reasons - instead what you see is them trying to use accounting loopholes to move their tax residence elsewhere.
500 sqft condos in Monaco sell for $4-7M. Sports celebrities live there to evade taxes, then fly the flag of the country they evaded taxes. Some of them even get knighted after evading hundreds of millions of pounds in taxes. Cough[Lewis Hamilton]cough.
Yeah, but they already live abroad because they can (given how the Law is made, they can use it to avoid existing taxes) and they prefer the quality of life there.
My point is that those who don't do it already, are were they are still rather than living in Monaco to avoid existing taxation because they would rather live there than in Monaco, so their threats of leaving if taxes go up are seldom true. Further, if taxation is based on asset ownership and asset location it doesn't mater were those individuals live, it maters were their assets are: whether they live in Monaco or not, they'll be paying the same for, say, realestate they own in the UK, since that's something they can't take it with them, so they'll have to divest from those assets by which point they won't be profiting from the conditions in the UK that make those assets be so profitable for them.
Situations like Lewis Hamilton's or Taylor Swift's - people who makes their money mainly from their own work, though they also ride legal weaknesses that let them avoid being taxed on were they actually operate and/or sales were the sale happens (in this case by not paying tax were they play concerts or do races) - are actually unusual as high net worth individuals: most of the very wealthy make their money from the income of asset ownership, and assets have a physical location (even IP), at the very least some kind of national registar somewhere that certifies that they own those assets, so governments that genuinelly want to tax most of the rich who are not paying fairly into the common pot were they derive their gains (i.e. at the very least by making those assets so profitable to own) just have to tax them via the assets rather than via residence.
This. So much this.
It's one thing to threaten, it's a completely different thing to move.
Conservatives point to the "exodus" of people from France after tax laws change, but many Canadian millionaires have their money legally offshore evading taxes.
Can you clarify what you mean? What do Canadian millionaires have to do with France?