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China to see biggest millionaire exodus in 2024 as many head to U.S. (asia.nikkei.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 4 months ago (2 children)

Just think of all the thousands of dollars of extra tax revenue.

[–] [email protected] 12 points 4 months ago (1 children)

hundreds

[–] [email protected] 3 points 4 months ago

Dozens

[–] [email protected] 10 points 4 months ago

And think about how that tax revenue gets spent on weapons and not healthcare.

(Given those millionaires were able to circumvent China's strict capital controls. Even if some of them did I'm sure they'd find a way of circumventing taxes in their new host country also)