> This is basically inviting your best and brightest to move to the US and other low tax countries.
The US is not a "low tax" country, it's just underdeveloped in social services. Which might give the impression the tax rate is low, but it's not - it's very high. Not only are you going to be paying income tax within 10% that of a western European nation, but you also have lots and lots of invisible taxes.
For example, did you know that about 30% of all compensation in the US goes just to providing health insurance and other benefits to employees? One of the downsides of having an underdeveloped health sector is that it's quite expensive.
Or, how about the fact that the average American spends 15% of their gross income just on transportation cost? Turns out having all that underdeveloped transit infrastructure isn't free. We pay for that.
The US is not a "low tax" country, it's just underdeveloped in social services. Which might give the impression the tax rate is low, but it's not - it's very high. Not only are you going to be paying income tax within 10% that of a western European nation, but you also have lots and lots of invisible taxes.
For example, did you know that about 30% of all compensation in the US goes just to providing health insurance and other benefits to employees? One of the downsides of having an underdeveloped health sector is that it's quite expensive.
Or, how about the fact that the average American spends 15% of their gross income just on transportation cost? Turns out having all that underdeveloped transit infrastructure isn't free. We pay for that.