Well, think about what “wealth” is. Their wealth isn’t a big pile of money in the living room that they swim in, it’s in an international web of banks that all do business together, and all profit off of this wealth themselves. This is a very simple explanation and it’s much more complex than that, I’d recommend the Panama and Pandora Papers as a primer.
You’re not going to get to seize anything but a small fraction in assets that they can’t quickly liquidate. The moment you do seize those assets, every one else will move their wealth out of your country, also, for fear of losing their own bank accounts. The more you seize assets, the more assets will flee your country, even small investors will abandon you.
How is it not?
Well, think about what “wealth” is. Their wealth isn’t a big pile of money in the living room that they swim in, it’s in an international web of banks that all do business together, and all profit off of this wealth themselves. This is a very simple explanation and it’s much more complex than that, I’d recommend the Panama and Pandora Papers as a primer.
You’re not going to get to seize anything but a small fraction in assets that they can’t quickly liquidate. The moment you do seize those assets, every one else will move their wealth out of your country, also, for fear of losing their own bank accounts. The more you seize assets, the more assets will flee your country, even small investors will abandon you.