The issue is once you reach a certain level of wealth you cease being a member of your country and become a member of the international wealthy. An american 1% has more in common with a French/russian/english/japanese 1% than they do with 99% of americans. That is the only reason they support seemingly self destructive behavior by following social trends.
Because in their minds they can move anywhere in the world and instantly fit in with their circle. Nothing will change if they live in New York, London or Paris. They'll find whatever country gives them their tax haven while preaching to everyone else they need to give more to the government and then hiding as much as possible as themselves.
The problem is the only solution is to be to outlaw international corporations. Or make it so that any international corporation pays so heavily in tax that they can't compete against domestic corps.
Just as an aside, 1% in the US is 400k/year, which is certainly upper class, but not international elite wealth. They are still living a normal life, just with better quality for everything.
When you cross the line into true merge wealth, you have people working full time to support your every desire and concern, and they will handle your money.
It is really the top .01% ish that are the “problem”.
Like, a 1% could plan a vacation, and fly first class, and stay in the best hotels/resorts. A .01%er says “I want to go to Dubai right now.” and a car is dispatched to take them to an airport where they are met by their packed luggage already on a private jet stocked with their favorite foods and beverages that takes them to a unnamed “resort” with dedicated staff, etc.
Point is, a 1% er still depends on america and its infrastructure. The .01% could buy citizenship in almost any country in the world if they wanted.
The issue is once you reach a certain level of wealth you cease being a member of your country and become a member of the international wealthy. An american 1% has more in common with a French/russian/english/japanese 1% than they do with 99% of americans. That is the only reason they support seemingly self destructive behavior by following social trends.
Because in their minds they can move anywhere in the world and instantly fit in with their circle. Nothing will change if they live in New York, London or Paris. They'll find whatever country gives them their tax haven while preaching to everyone else they need to give more to the government and then hiding as much as possible as themselves.
The problem is the only solution is to be to outlaw international corporations. Or make it so that any international corporation pays so heavily in tax that they can't compete against domestic corps.
Just as an aside, 1% in the US is 400k/year, which is certainly upper class, but not international elite wealth. They are still living a normal life, just with better quality for everything.
When you cross the line into true merge wealth, you have people working full time to support your every desire and concern, and they will handle your money.
It is really the top .01% ish that are the “problem”.
Like, a 1% could plan a vacation, and fly first class, and stay in the best hotels/resorts. A .01%er says “I want to go to Dubai right now.” and a car is dispatched to take them to an airport where they are met by their packed luggage already on a private jet stocked with their favorite foods and beverages that takes them to a unnamed “resort” with dedicated staff, etc.
Point is, a 1% er still depends on america and its infrastructure. The .01% could buy citizenship in almost any country in the world if they wanted.
Correction noted. I meant the mega rich. 100+ million and above.