Why Restrict Capital Flight?
Capital flight allows the wealthiest individuals and corporations to move their money offshore, avoiding taxes and contributing to economic instability. By implementing strong regulations, we can ensure a fairer distribution of wealth and prevent large-scale tax evasion that hurts working-class citizens.
We are working on draft legislation to restrict international capital movements from the U.S. If you are knowledgeable on this subject and have suggested language to that end, please enter it in the ‘Comments on this topic’ box below, or email us your draft at info@structuralchangeparty.org.
The Impact of Capital Flight
When wealthy individuals and corporations move money offshore, local economies suffer. Countries lose tax revenue, which affects public services like education and healthcare. Regulations on capital flight aim to create economic stability, close loopholes, and ensure that wealth is reinvested in the country where it was earned.
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