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Apart from this guy obviously being biased and a super villain: Nobody who held this opinion was ever able to even give me a rough idea of an explanation how it should supposedly damage the economy. The excessively rich don't spend most of their wealth (which would induce growth through demand), they sit on it and watch it grow. Taxing it takes not a single cent out of the economy.
In this case we're looking at proposed 2%. The fortunes of the excessively rich grow by 10% and more in a year. So with this tax they would still get richer and richer. Attach another zero to that number, then we'd be getting somewhere.
Because if you tax the rich, they move away! And that's clearly bad because...
They take their wealth with them! Just think of all the jewellery that will hang of people's necks in other countries and all the overpriced art that was never publicly displayed, now not visible elsewhere.
And of course they'll take all the housing and factories and the land they're built on, stuff it all in their pockets and fly away with it.
Just think of all the jobs. Not the jobs, companies are already offshoring now, of course.
And ignore that companies make such decisions based on productivity, available infrastructure and supply chain networks.
No, they'll move to less profitable countries because clearly not paying taxes is more important to rich people than making more money.
And of course, we can't tax people when they move away, so we shouldn't tax them to avoid this.
Yup. This wasn't a warning about the economy, it was an ultimatum.
I think the point of the previous poster is that they can't take with them the stuff that they value the most (for their own quality of life) or the stuff that matters for the rest.
Hence "they’ll take all the housing and factories and the land they’re built on, stuff it all in their pockets and fly away with it." (emphasys mine)
Those threats are complete total bullshit.
If they really prefered an environment free of government intrusion (including taxes) they would be living and conducting their business in a country with no real government, like Somalia.
I think he already moved to Belgium to avoid some of the French taxes.