General tendency in coordinated fiscal policitcs between countries is alarming. Fiscal flexibility is changing rapidly for any person. Beside, there are those idealists that will break the whole system 🙄
These particular news aren't describing anything already not known. Italian government simply imposed a higher flat tax for "income earned abroad by wealthy individuals who transfered their tax residence to Italy". In another news, Swiss climate and social extremists youth provoked a national referendum for imposing 50% inheritance tax.
The public finances in Europe are in bad condition. This will escalate in years︀ to come.
The US and Asia will have a benefit from these idealists and socialists.︁