this post was submitted on 01 Jul 2026
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TL;DW: Had to do more about exit tax than wealth tax.

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[–] geissi@feddit.org 1 points 2 days ago (1 children)

I suppose they might affect someone's decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.

I honestly don’t understand what you mean by that.
You don’t have to a citizen or resident of a country to invest there. Citizenship or residency has no influence on investment decisions beyond perhaps some sense of patriotism.

[–] davetortoise@reddthat.com 0 points 1 day ago (1 children)

But people with the means to do so can change their citizenship and residency from a country with wealth taxes to a country without them

[–] geissi@feddit.org 0 points 1 day ago (1 children)

Yes, and I still don’t see how this is supposed to affect where they invest their money.

[–] davetortoise@reddthat.com 1 points 1 day ago

It won't. But it will reduce the effectiveness of the wealth tax.