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.
The first quote starts with “Record numbers of millionaires…”
I think they missed a few zeros. Big (individual) tax changes rarely effect millionaires much.