Progressive Politics

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TokenBoomer@lemmy.world

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If We Tax Rich People... They Will Just Leave! (youtu.be)

submitted 2 days ago by ShaggySnacks@lemmy.myserv.one to c/progressivepolitics@lemmy.world

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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.

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[–] explodicle@sh.itjust.works 3 points 1 day ago

I like the use of the Monopoly man here. The creator of Monopoly was promoting Land Value Taxation, which has no deadweight loss and doesn't distort prices whatsoever.