this post was submitted on 21 May 2024
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United States | News & Politics
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Some will, but probably not that many. There are still plenty of millionaires in California in spite of the state’s tax law.
https://pioneerinstitute.org/news/study-net-out-migration-of-wealth-from-massachusetts-nearly-quintupled-from-2012-2021/#:~:text=Between%202019%20and%202021%2C%20Massachusetts,to%20%244.3%20billion%20in%202021.
https://lemmy.world/comment/10194330
Yeah, people with all the money in the world are gonna give up their Malibu mansions with private beaches and sick views to move to North Dakota to avoid taxes 🙄
I guess super rich people in Boston might move to New Hampshire but it’s still a huge step down in amenities, proximity to workers (for the job creators), and social events (for the benefactors). And then your adult children are borrowing the helicopter to go everywhere.
They're also not suffering at all whatsoever right now and can easily afford it. Some even are open to just paying a tax if it means people feel less hungry for their faces.