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.
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.
I like the use of the Monopoly man here. The creator of Monopoly was promoting Land Value Taxation, which has no deadweight loss and doesn’t distort prices whatsoever.