Comment

Dragon@lemmy.ml ⁨1⁩ ⁨week⁩ ago

As for the Capital flight, that is a myth I’m not sure it’s even negligible between countries, but I am specifically talking about capital flight between US states, where there is a very low barrier to exit. Do you have any reason to believe that isn’t a phenomenon?

source

Sort:hotnew top

orrk@lemmy.world ⁨1⁩ ⁨week⁩ ago
even less so,

"According to Young, though, the ultra-wealthy traditionally haven’t migrated in droves following such tax hikes. Only %2.4 of U.S.-based millionaires move across state lines each year, roughly %15 of whom apparently do so for tax reasons. ‘So it’s like a small l fraction of a small fraction,’ Young said.

…cornell.edu/…/final-reading-flight-myth

source
- Dragon@lemmy.ml ⁨1⁩ ⁨week⁩ ago
  That’s interesting, thank you. I’m still not sure it would be the same for them level of tax increase public healthcare would require, but maybe you’re right.
  
  source