To be fair, those "holdings" are investment accounts, where the money gets to be used by a different rich person to exploit labor, because the billionaire can't even be bothered to do that themselves.

It has never been demonstrated by anyone who holds this bullshit "the rich might leave" argument how any value to the working class average Joe would be lost.

Even if we pretended they would all leave, they aren't gonna shut down their businesses in the US, they and their shareholders make too much money in the US market.

Ironically, the greatest threat to the US market collapsing and losing all value is these rich cunts getting their way.

Taxes are deflationary and the rich avoid that from happening. Price gouging and price hikes are inflationary... and the wealthy do that as much as possible.

So there's a real case to say wealthy people cause inflation.

These people still have to eat. They have to live somewhere. They still buy things. Often gaudy, awful things and other disgusting displays of wealth, but things nonetheless.

That's where you get them.

Oh, what's that? They moved out of the country? Well then, they're not there to stop the country from nationalising their stake in whatever part of that company exists in that country, are they?

Anyone acting on their behalf to stop that should be taxed on their behalf. They won't pay their human sock puppets? Don't be a sock puppet then.

If they want their stake back, they need to live in the company's host country (because there's always a main HQ) for one full tax year.

They own multiple stakes in multiple companies in multiple countries? Sucks to be them, I guess. Shouldn't have been so greedy.