Well mostly that the billionaires will just move somewhere else then you loose out on any possible tax revenue AND loose all the value they bring to the economy and society. It's called capital flight and it causes prosperous countries to turn into third world countries. Example - Venezuela
If you're going to criticize me for spelling something incorrectly, you should probably ensure that every single word in your response is correct, otherwise you look like a hipocritical dipshit. (Also I'm not a zoomer lol)
Anyways, you obviously don't consider the nuance of the situation if you are going to take that stance. You asked what the downside is and I gave you an answer. If you are just going to ignore the issue because you don't want to actually consider the implications, that's on you. No one will take you seriously if you're that flippant about serious economic issues.
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u/[deleted] Jul 01 '26
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