Research on "millionaire migration" shows that it rarely happens and that states could raise their top tax rates way higher. www.asanet.org/wp-content/u... - ThreadSky

iansociologo.bsky.social • 20 days ago

Research on "millionaire migration" shows that it rarely happens and that states could raise their top tax rates way higher.

https://www.asanet.org/wp-content/uploads/attach/journals/jun16asrfeature.pdf

Comments

tmoore88.bsky.social•20 days ago

Right. It's NYC, rich people will still want to live there. It's a ridiculous claim.

jameseglynn.bsky.social•5 days ago

What would NYC do if the Russian oligarchs stopped investing in empty real estate that VRBO kids partied in for insta-likes?
NYT Opinion asked these trucker hatted olds in DuBuque. IA.

mstaff.bsky.social•20 days ago

Crack addicts in Kensington have more morals than this parsistic pig. Yes, TAX The RICH.

notlikewe.bsky.social•20 days ago

There should be an enormous social stigma around tax flight.

If you’re rich enough for it to apply, you’re rich enough to absorb the increases.

Instead the public treat these ultra wealthy as smart for taking advantage of tax arbitrage they’ll never have access to themselves.

leedsjohnlufc.bsky.social•2 days ago

Can Cuomo explain what home location has got to do with investment?

He pretends that it is illegal for people living in Florida to invest in a New York company.

And its not as if the New York apartments are not going to sell to someone else!

Scare nonsense politics!

tangentburns.bsky.social•20 days ago

Screw Andy. Soak the rich (like Eisenhower did).

kennethefrantz.bsky.social•11 days ago

Sounds like Cuomo just read Atlas Shrugged.

freedomforall.net•20 days ago

The Laffer curve is indeed a curve, not a straight line that tends towards 0%.

kimmit1996.bsky.social•20 days ago

They don’t create jobs anymore. They use #AI.

We the people WANT BILLIONAIRES TO LEAVE OUR COUNTRY.

hellscapenavigator.bsky.social•20 days ago

people forget what a pain in the ass it is to move and how easy it is to just pay taxes instead

lumagoo.bsky.social•20 days ago

Cuomo sexually harassing women, on the other hand...

tsbuttry.bsky.social•20 days ago

Insanely rich person already driving nationwide cost-of-living crisis who's also deeply invested in living in the most expensive area of the country:

"I can't possibly afford a small marginal tax increase! I'll have to move away!"

coredumpster.segv.org•20 days ago

And even if you don't raise taxes, they will move anyway if they want to. See how Ken Griffin killed a progressive tax measure in IL and then fucked off to Florida anyway. https://www.propublica.org/article/ken-griffin-illinois-graduated-income-tax

kylethuzad.bsky.social•20 days ago

Taxing the rich is the compromise between what's happening now and guillotines.

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