What's the difference between what you brought up and wealthy people just moving their holding companies to jurisdictions with lower capital gains and earnings tax? People should be mobile as they want to be in free societies. Do we believe that the state owns their citizens or a portion of those citizens working lives? The income tax presumes they do.
None, really, I wasn't trying to show such difference. Of course the same thing applies to many kinds of wealth.
Except land, which you cannot very easily move from one jurisdiction to another.
Edit: One recent example of the latter comes to my mind, of course. This is the case of properties in Crimea, now annexed by Russia. This is effectively a jurisdiction change. And it has some practical consequences, of course, although maybe not immediately related to tax; Crimean people need to register their properties into the Russian system, because Ukrainian property ownership is not recognized by the new powers-that-be. And registering is not free, and not even cheap, from what I hear.
