Progressive Politics

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TokenBoomer@lemmy.world

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If We Tax Rich People... They Will Just Leave! (youtu.be)

submitted 4 days ago by ShaggySnacks@lemmy.myserv.one to c/progressivepolitics@lemmy.world

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TLDW

Capital flight is ultimately a myth cause the people who complain about high taxes and moving are already not paying taxes.

The vast majority of people aren't going to give up their homes to save a few bucks.

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[–] Fmstrat@lemmy.world 1 points 1 day ago

The first quote starts with "Record numbers of millionaires..."

I think they missed a few zeros. Big (individual) tax changes rarely effect millionaires much.