Quote:
Originally Posted by Rutuu
The tax rate here in Australia goes to 50% on high earners...it definitely comes into play when we recruit people, however, it basically just inflates everything.
Ex: Instead of paying a manager $150k like in Canada they pay him $250k here in Aus. Same work and same responsibility, just the number is higher.
Taxes and wages are just numbers...the position in life relative to everyone else stays the same. If something comes along to disrupt my position in life (dictator, targeted taxes, natural disaster) I'll pick up shop and move somewhere else.
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I don't disagree that it impacts people's propensity to move to another country
for employment.
That's very distinct from a native Australian deciding that the latest tax hike is too high and moving to another country. Also note that the wealthy and the ultra-rich, which were the focus of the initial proposition, are not going to be moving for employment. They have no such necessity.