Cross-posted from: https://lemmy.dbzer0.com/post/34117495
[OC]
Original still created by @gedogfx (IG). Title source: “Inkl”
Edit: I’m not on any other social media platforms, so feel free to share this elsewhere if you want
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?
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
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.
