Cross-posted from: https://lemmy.dbzer0.com/post/34117495

[OC]

Original still created by @gedogfx (IG). Title source: “Inkl”

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  • Dragon
    1•5 days 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?

    • @orrk@lemmy.world
      1•3 days 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.

      https://sociology.cornell.edu/news/final-reading-flight-myth

      • Dragon
        1•2 days 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.